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More than 100 complaints were filed with the police against the ‘Symbiosis Finance’ financial pyramid

The company ‘Symbiosis Finance’ from Yekaterinburg was recognized as a financial pyramid on September, 15. After that, the head of the organization accused the employees of the Bank of Russia of the raider attack, claiming that he knew the perpetrators and would submit the ...

FINANCIAL RESTRICTIONS BRING SAUDI PRINCES TO POVERTY

The royal family in Saudi Arabia has come under economic pressure from the state. The country's authorities continue to introduce more and more restrictions for non-working princes, who got used to living large. They have to sell yachts and real estate to cover their maintenance costs and not attract increased attention from the crown prince. According to the foreign media, the crown prince cut off many ways to enrich his family members in the course of political struggle. However, it has not...

YANDEX COMPANY LIQUIDATES INVESTMENT SERVICE

... an inevitable outcome. According to Interfax, platform users will be allowed to buy shares and other securities and replenish their accounts until April 11. After that, the service will be terminated. Clients of the service will be able to withdraw finances and sell shares until April 15, 2022. It is emphasized that "Yandex" guarantee not only the phased elimination of the project. Even after its complete closure, users will still be able to access their funds through the company's website ...

"Univer Capital" broker appealed to the Central Bank with a request for reorganization

... organization that the regulator authorizes for this. According to official data, by February 18, 2022, the company raised about 40 billion rubles, including customer funds and own assets. At the same time, 63% of the amount were Eurobonds of the Ministry of Finance, the repayment of obligations on which was calculated for 4 years. The reason for the organization’s appeal to the Central Bank of the Russian Federation was the forced sale of a client’s package of securities carried out by the National Clearing ...

Russian State Duma to restrict the flight of bankrupt bankers from country

The State Duma Committee on Security has discussed a draft law providing for the possibility of the financial regulator to restrict the top management of Russian banks in the right to leave the country. The norms of the bill, if adopted, will also be applied to the heads of insurance companies and private pension funds. The text of the document itself is planned to be submitted to the parliamentary session on April 5, 2022. The problem of “flight” of financiers, due to fault of which credit institutions...

New-build housing and bitcoin: the things you should have bought in 2021

The international audit and consulting network FinExpertiza has summed up the results of the outgoing year in terms of the best sources of profit. According to its rating, the highest income for investors in 2021 was shown by new buildings, bitcoin, as well as shares of the US stock market. The approach of analysts in the calculation consisted in a comparative analysis of the nominal income when investing one hundred thousand rubles in various assets. The beginning of the year was chosen as a...

The United States is on the verge of debt default

... about to take place soon. The document has already been approved by the House of Representatives, but it has many opponents. According to the head of the Center for Economic Policy Shai Akabas, it is not clear at the moment, how exactly the Ministry of Finance will act. However, both the significance of the risks and the potentially high costs are absolutely clear. The Ministry of Finance has resorted to emergency measures to pay off the existing debt obligations. According to Akabas, after the date ...

KAZAKHSTAN HAS BECOME ONE OF THREE BITCOIN MINING LEADERS

And the share of China's mining fell by almost 50%. This is due to the transition of the majority of earners to another state, anticipating the coming onslaught on the industry. Now about 46% of bitcoins in the world ranking are mined in China, although two years ago it was the leader - it mined over 75%. It was stated by the CNBC, which referred to a study conducted by the University of Cambridge. Neighboring Kazakhstan was able to improve its results - it increased production by 6 times- from...

CITIBANK WILL LEAVE RUSSSIA

The press service of the Russian division of Citibank announced the bank's withdrawal from the retail markets of thirteen countries at once, including Russia. According to the calculations of the company's management, such a decision will help to increase investments. According to the head of the bank, Citi intends to concentrate its activities in several financial centers at once: in Singapore, London, the United Arab Emirates and Hong Kong, reports TASS. At the moment, it is known about the decision...

OZON INTENDS TO OBTAIN A BANKING LICENSE

... platform businessmen and sees their development, including the number of customers and turnover. Shulgin believes that all this information will help the company make right decisions on loans. In February this year, Ozon has already established the microfinance organization Ozon Credit - it is awaiting the entry into the state register. It is assumed that this particular company is applying for a license from the Central Bank. The retailer has also launched the Ozon.Invest project to provide funds to ...

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