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Uralsib
Uralsib (russian: ПАО «Банк Уралсиб») is a Russian commercial bank, headquartered in Moscow. According to Russian Forbes, as of 2022, it was one of the country's largest banks with the net asset value of approximately 530 billion rubles. Uralsib is a successor company to Bashcreditbank (since 2001, known as Ural-Siberian Bank) founded in 1993 by Bashkortostan's government. The bank was created by merging Ural-Siberian Bank and Avtobank-NIKoil in 2005. The latter was Nikolai Tsvetkov's company closely affiliated to LUKoil. In 2013, it employed 19,342 people. Uralsib is said to have been "roiled by mismanagement", with its founder Tsvetkov agreeing to step down in 2015 in return for a bailout, as the bank was on the verge of bankruptcy and having its banking license revoked. During his time as chairman Tsvetkov became known for his application of New Age philosophy to company management, which included requiring all employees to read books by a self-help guru a ...
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Joint-stock Company
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited companies. In ...
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New Age
New Age is a range of spiritual or religious practices and beliefs which rapidly grew in Western society during the early 1970s. Its highly eclectic and unsystematic structure makes a precise definition difficult. Although many scholars consider it a religious movement, its adherents typically see it as spiritual or as unifying Mind-Body-Spirit, and rarely use the term ''New Age'' themselves. Scholars often call it the New Age movement, although others contest this term and suggest it is better seen as a ''milieu'' or ''zeitgeist''. As a form of Western esotericism, the New Age drew heavily upon esoteric traditions such as the occultism of the eighteenth and nineteenth centuries, including the work of Emanuel Swedenborg and Franz Mesmer, as well as Spiritualism, New Thought, and Theosophy. More immediately, it arose from mid-twentieth century influences such as the UFO religions of the 1950s, the counterculture of the 1960s, and the Human Potential Movement. Its exact ...
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Banks Of Russia
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Citibank
Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. The bank has 2,649 branches in 19 countries, including 723 branches in the United States and 1,494 branches in Mexico operated by its subsidiary Banamex. The U.S. branches are concentrated in six metropolitan areas: New York, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. It was founded as City Bank of New York and became National City Bank of New York. It has had an important role in war bonds. It has had a role in international events including the U.S. invasion of Haiti. History Early history The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. After Osgood's death in August 1813, William Few ...
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The Banker
''The Banker'' is an English-language monthly international financial affairs publication owned by ''The Financial Times'' Ltd. and edited in London, United Kingdom. The magazine was first published in January 1926 through founding Editor, Brendan Bracken of the ''Financial News'', who went on to become the chairman of the ''Financial Times'' from 1945-1958. Since its founding, the magazine has claimed a dedication to the international perspective through features, interviews, multi-media applications, and events. ''The Banker'' is the world’s premier banking and finance resource, read in over 120 countries and is the key source of data and analysis for the industry. It combines in-depth regional and country coverage with reports on global financial markets, regulation and policy, cash management and securities services, commodities and carbon finance Carbon finance is a branch of environmental finance that covers financial tools such as carbon emission trading to reduce the ...
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RBK Group
The RBC Group, or RosBiznesConsulting (russian: Группа компаний «РБК» РБК, РосБизнесКонсалтинг), is a Russian media group headquartered in Moscow. It was established in 1993. The company holds an informational agency RosBusinessConsulting, including a news web-portal, business newspaper ', monthly business magazine '' RBC'', and RBC TV. Capitalization on MOEX is $44.13 million ( 10 March 2018). History RBC was recognized in Russia for investigative journalism, including reports on corruption and abuse of power which led to forced change of leadership, including the editor-in-chief Yelizaveta Osetinskaya, in May 2016. In April 2016, searches were conducted at the ONEKSIM Group investment fund, controlling shareholder of the RBC Group, due to publications about Vladimir Putin's daughter Katerina Tikhonova and her husband, Russian oligarch Kirill Shamalov, as well as about the Panama Papers. ''The Moscow Times'' reported that the 11 M ...
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Moody's Corporation
Moody's Corporation, often referred to as Moody's, is an American business and financial services company. It is the holding company for Moody's Investors Service (MIS), an American credit rating agency, and Moody's Analytics (MA), an American provider of financial analysis software and services. Moody's was founded by John Moody in 1909 to produce manuals of statistics related to stocks and bonds and bond ratings. Moody's was acquired by Dun & Bradstreet in 1962. In 2000, Dun & Bradstreet spun off Moody's Corporation as a separate company that was listed on the NYSE under MCO. In 2007, Moody's Corporation was split into two operating divisions, Moody's Investors Service, the rating agency, and Moody's Analytics, with all of its other products. It was included in the Fortune 500 list for the first time in 2021. History of Moody's Moody's Corporation traces its history back to two publishing companies established by John Moody, the inventor of modern bond credit ratings. It ...
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Deposit Insurance Agency
Deposit Insurance Agency (DIA) (russian: Агентство по страхованию вкладов (АСВ)) is a Russian state corporation (non-profit organization) established in January 2004 to manage operation of the deposit insurance system in the Russian Federation. DIA pays insurance compensations to depositors of failed banks. DIA also exercises bankruptcy administrator functions of insolvent banks, non–governmental pension funds and insurance companies, it is responsible for resolution of banks and managing the system of guaranteeing the rights of insured persons in the mandatory pension insurance system. Deposit insurance The deposit insurance system in the Russian Federation operates in accordance with the Federal Law No.177–FZ of December 23, 2003 “On Insurance of Deposits in Banks of the Russian Federation”. The deposit insurance system (DIS) provides protection to depositors that have accounts in Russian banks up to the coverage limit established by la ...
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Banking License
A banking licence is a legal prerequisite for a financial institution that wants to carry on a banking business. Under the laws of most jurisdictions, a business is not permitted to carry words like a ''bank'', ''insurance'', ''national'' in their name, unless it holds a corresponding licence. Depending to their banking regulations, jurisdictions may offer different types of banking licences, such as * full banking licenses for general banking activities, such as taking deposits from the general public * international banking licences (offshore banking licences), which prohibits any local business activities * non-banking financial institution ( NBFI) is an institution that provides financial services but has to comply with fewer regulations than one with a full banking licence. License issuance Licenses are typically issued by a national banking regulator to applicant corporations that meet its banking requirements. The requirements may include minimum capital requirements, ...
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Moscow
Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million residents within the city limits, over 17 million residents in the urban area, and over 21.5 million residents in the metropolitan area. The city covers an area of , while the urban area covers , and the metropolitan area covers over . Moscow is among the world's largest cities; being the most populous city entirely in Europe, the largest urban and metropolitan area in Europe, and the largest city by land area on the European continent. First documented in 1147, Moscow grew to become a prosperous and powerful city that served as the capital of the Grand Duchy that bears its name. When the Grand Duchy of Moscow evolved into the Tsardom of Russia, Moscow remained the political and economic center for most of the Tsardom's history. Whe ...
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LUKoil
The PJSC Lukoil Oil Company ( stylized as LUKOIL or ЛУКОЙЛ in Cyrillic script) is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petroleum, natural gas, petroleum products, and electricity. It was formed in 1991 when three state-run, western Siberian companies named after the respective town in Khanty–Mansi Autonomous Okrug that each was based in, Langepasneftegaz, Urayneftegaz, and Kogalymneftegaz, merged. Its name is the combination of the acronym LUK (initials of the oil-producing cities of Langepas, Uray, Kogalym) and the English word "oil". Lukoil is the second largest company in Russia after Gazprom, and the country's largest non-state enterprise in terms of revenue, with ₽4,744 billion in 2018. In the 2020 Forbes Global 2000, Lukoil was ranked as the 99th-largest public company in the world. Internationally, it is one of the largest global producers of ...
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Nikolai Tsvetkov
Nikolai Tsvetkov (born 1960) is a Russian oligarch, the founder and president of Nikoil Financial. , with a wealth of $1.8 billion, he was the world's 397th-richest person. He is a graduate of the Zhukovsky Air Force Engineering Academy. As an army officer, he served in Tambov, Moscow, and Russia's far east and fought in Afghanistan. Tsvetkov attained the rank of lieutenant colonel, before he retired, founding the brokerage firm Brokinvest. His obscure company became the investment and financial adviser to Lukoil (then a state-controlled concern) by offering a co-ownership to its president Vagit Alekperov Vagit Yusufovich Alekperov ( az, Vahid Yusuf oğlu Ələkbərov, russian: Вагит Юсуфович Алекперов; born 1 September 1950) is a Russian– Azerbaijani businessman. He was the President of the oil company Lukoil from 1993 unt ..., and profited immensely from the voucher privatization scheme of Russia's state-owned companies in the mid-1990s. Reference ...
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