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AMERICAN EXPRESS BANK IS BEING LIQUIDATED

American Express Bank (a subsidiary of American Express Company) decided to liquidate instead of selling the business. The corresponding application for liquidation was submitted to the Unified State Register of Legal Entities. At the end of 2022, American Express Bank was on the list of credit institutions that are prohibited from transactions with shares ...

Modified: 07.10.2024
bankrupt , bankruptcy , liquidation , business , bank , banks , American Express Bank , American Express Company
Path: РусБанкрот - СМИ

VTB WILL TRANSFER ASSETS WORTH 170 BILLION RUBLES TO A NEW LEGAL ENTITY

VTB shareholders (MOEX: VTBR) have approved the creation of a separate legal entity to manage blocked assets. This decision was made at an extraordinary meeting. By the end of 2024, the bank intends to transfer assets and debts to creditors from unfriendly countries to a new separate legal entity. The total amount of obligations is up to 170 billion rubles, Kommersant clarifies. As explained in the VTB press service, such a measure will ...

Modified: 10.18.2024
bankrupt , bankruptcy , debt , VTB , bank , banks , business
Path: РусБанкрот - СМИ
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