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Russia's VTB in Europe changes name as it liquidates

The European subsidiary of Russia's VTB is changing its name after its parent refused to allow it to operate under the brand, an executive told Reuters. The Frankfurt-based bank, already ring-fenced by regulators due to sanctions and in liquidation since last year, will from now on be known as OWH SE, said Frank Hellwig, the chief executive officer of VTB's Europe hub. Before Russia invaded Ukraine, VTB in Europe attracted tens of thousands of German savers with its relatively high i...
Miro Zadro Frank Hellwig John Odonnell Tom Sims Barbara Lewis Johno Donnell
Source: yahoo.com

5 dead, 44 injured in train crash in Bavaria, occurs ahead of G7 meeting in region -- Society's Child -- Sott.net

The death toll from a German train derailment near a Bavarian Alpine resort has risen to five, police have said, after another body was recovered from the wreckage. Investigators were combing the overturned carriages for victims and clues as to...
Garmisch Partenkirchen Frank Hellwig Volker Wissing Richard Lutz Deutsche Bahn Bavarian Alpine
Source: sott.net

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