Europe Daily News, 15 June 2022 | Perspectives & Events
Europe Daily News, the latest policy and legal developments in the European Union
Source: mayerbrown.com
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In brief: ownership and acquisition of banks in Luxembourg
A look at the key legal provisions governing the ownership and acquisition of a controlling stake in banks operating in Luxembourg.
Source: lexology.com
Sberbank Pulls out of Europe as Austrian Entity Fails
Sberbank has announced it has been forced to pull out of the European market, after it said it faced large outflows of cash in the region as well as threats to the safety of its employees and branches. The bank, Russia’s biggest lender, said its European subsidiaries had faced “abnormal cash outflows”, meaning it could no longer supply them with liquidity. However, Sberbank
Source: financialit.net
Sberbank's Austrian unit is first bank to fail after sanctions on Moscow
Division of Russia’s biggest lender falls into insolvency
Source: irishtimes.com
Central Bank Withdraws Sberbank Hungary Licence, Orders Lender Wound Up
The National Bank of Hungary said it withdrew the lending licence of Russian-owned Sberbank Hungary because of its "serious liquidity and capital situation."
Source: hungarytoday.hu