Some Russian banks face a hard time

Some Russian banks face a hard time

Posted on August 20, 2017
Russian authorities extended the review of bank licences until 2019. The main reasons behind licence revokes are committing frauds or just having poor asset quality and high risk. This costs billions to Russia and already reduced the number of banks significantly. Even big banks are in danger sometimes.

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Oil prices slump, OPEC countries suffer

Oil prices slump, OPEC countries suffer

Posted on August 13, 2017
In the last years, oil prices fell 50% which makes several OPEC countries suffer. Although they decided to hold their production back to raise crude prices that doesn’t help all their members to balance their budgets. That might not change soon.

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The race for being the richest

The race for being the richest

Posted on August 06, 2017
Jeff Bezos became the richest man on Earth, at least for some hours. After a short, while Microsoft co-founder Bill Gates took the lead back. The whole race is connected to Amazon prices now.

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