RUTH SUNDERLAND: Banks cannot defeat tanks, but they can inflict a lot of damage, intentionally or not, as we discovered in the financial crisis Sanctions will enfeeble economy and starve Kremlin of money for aggression Immediate damage came in the form of
Dominic Raab insisted Britain’s reaction to the threat Russia is posing was swift and more extensive than that of partners within the European Union. The deputy Prime Minister said the UK targeted a larger number of Russian banks compared to the bloc
Visa and Mastercard are the latest Western companies to cut off or curtail their business activities in Russia following punishing sanctions that have sent the Russian economy into freefall. The two payment network giants said on Monday they had blocked multiple Russian
Many Britons may be hoping to put the last two years of lockdowns and travel restrictions behind them by heading abroad in 2022. However, with the cost of living crisis escalating and inflation reaching a near 30-year high, many may also be
Five ways we have hit Vladimir Putin’s economy: From action against banks to ban on raising debt, how the West has helped cripple Russian business Western allies, including UK, announced measures aimed at Russia’s economy Russia’s central bank targeted to stop selling its
The END of ATMS in Australia? Thousands of cash machines are removed across the country as banks go digital ATM’s and bank branches across Australia are continuing to close at a rapid rate Switch by customers to digital banking seen ‘Big Four’
Queensland residents are on edge with the Brisbane River expected to be hit by two potentially catastrophic peaks in the next 24 hours – with seven dead, a young man missing and 15,000 homes already underwater. The Brisbane River peaked at 4m
EU finally gets tough on Moscow banks… but Britain urges it to go further and bring in even harder measures as war in Ukraine escalates Britain, US, EU and Canada said Russian banks will be barred from Swift system A Government source
The US and its Western allies yesterday announced it would ban several Russian banks from the Swift global messaging system, in their harshest response yet to the invasion of Ukraine. Swift is often referred to as the ‘plumbing’ of global finance, and
The country’s big four banks announced rip-roaring annual profits last week – between them, a mindboggling £23billion. They duly rewarded shareholders for their loyalty with the promise of dividend payments in the coming weeks. For investors in these banks – Barclays, HSBC,