Protecting Yourself from Social Media Fraud: Warning from the Bank of Latvia

Protecting Yourself from Social Media Fraud: Warning from the Bank of Latvia

Published: 28.07.2023. The Bank of Latvia warns that fraudsters who impersonate well-known people, high-level managers, officials and journalists are active in social media. In the name of these persons, misleading content information is distributed, designed using Latvian media brands, and announcing the possibility of improving the financial situation. By showing interest in these fake messages, … Read more

Central Bank of Myanmar Issues New Banknote in Response to Economic Instability

Central Bank of Myanmar Issues New Banknote in Response to Economic Instability

Myanmar’s central bank will issue a new banknote worth twice the current highest-density note. According to state media reports on Tuesday, the move could be a response to an increasingly unstable economy since the military took power in 2021. Myanmar’s central bank did not give a reason for issuing the country’s highest-value 20,000-kyat (about 327 … Read more

AvtoVAZ Renames RN Bank and Elects New Board of Directors

AvtoVAZ Renames RN Bank and Elects New Board of Directors

AvtoVAZ decided to rename RN Bank, which previously belonged to the Renault-Nissan alliance that left Russia. Now the credit institution will be called Auto Finance Bank. In addition, AvtoVAZ terminated the powers of all current members of the Board of Directors ahead of schedule and elected its new composition, reports Interfax with reference to the … Read more

Understanding the Terms: Privatization, Offshore Zones, Dow Jones, Insiders, Market Makers, Precious Metals, Exchange Glass, Fibonacci Levels, Buyback, and Divestments

Understanding the Terms: Privatization, Offshore Zones, Dow Jones, Insiders, Market Makers, Precious Metals, Exchange Glass, Fibonacci Levels, Buyback, and Divestments

The content of the article Show Hide Thanks to the investment boom that began in Russia in 2021, many have learned how the market economy works, what the stock exchange is, who issues shares, and what a broker is for. The simplest definitions and terms have come into use and almost no longer raise questions. … Read more

Banki.ru Launches Groundbreaking Loyalty Program for Financial Marketplace

Banki.ru Launches Groundbreaking Loyalty Program for Financial Marketplace

Banki.ru was the first among financial marketplaces to launch its loyalty program. Users can receive cashback, discounts and promotional codes for participating in promotions when purchasing financial, insurance and investment products. Banki.ru promotions and partner offers are updated and launched several times a month. In order to join the loyalty program, you need to register, … Read more

China’s Central Bank PBOC to Deploy Various Tools to Combat Economic Downturn

China’s Central Bank PBOC to Deploy Various Tools to Combat Economic Downturn

Zou Lan, head of the monetary policy department of the Chinese central bank PBOC Zou is also considering lowering the reserve ratio for commercial banks to allow them to lend more. (Foto: imago images/VCG) Beijing, Hong Kong China’s central bank wants to dig deep into its tool kit to fight an economic downturn in the world’s … Read more

China Extends Financial Policies to Support Real Estate Market Stability

xinhuanet At 11:50 on July 11th follow Summary: The People’s Bank of China and the State Administration of Financial Supervision issued a notice on the 10th to adjust the two previously announced financial policies to support the stable and healthy development of the real estate market, and extend the applicable period to December 31, 2024. … Read more

Credit Europe Bank Raises Rates on “Term” Deposit to 8.4%: Banki.ru Users’ Choice

Credit Europe Bank Raises Rates on “Term” Deposit to 8.4%: Banki.ru Users’ Choice

Credit Europe Bank raised the rates on the “Term” deposit for 730 and 1098 days to 8.4% per annum (previously for 730 days the rate was 7.65%, for 1098 days – 7.9%). The minimum deposit amount is 3 thousand rubles. Additional contributions and expenditure operations are not provided. Interest is paid at the end of … Read more

The Phases of Economic Cycles: Boom, Peak, Bust, and Bottom

The Phases of Economic Cycles: Boom, Peak, Bust, and Bottom

The content of the article Show Hide According to modern economic theory, the market economy is subject to repeated fluctuations – economic cycles. At the stage of recovery, there is an acceleration of production and an increase in prices, at the stage of recession – on the contrary. Each cycle includes several phases – a … Read more

Former Owner of Bank Reserve Arrested in Absentia for Embezzlement Charges

Former Owner of Bank Reserve Arrested in Absentia for Embezzlement Charges

On July 5, a court in Moscow arrested in absentia Alexander Ivanov, the former owner of the bankrupt Ural bank Reserve, for two months. The entrepreneur is accused in the case of embezzlement of funds belonging to his credit institution, writes “Kommersant”. According to investigators, Ivanov is outside Russia. Previously, he was put on the … Read more