U.S. Commodity Futures Trading Commission [CFTC] fined a Russia bank $6 million Monday for executing “fictitious and non-competitive” Russian Ruble – U.S. dollar futures contracts on the Chicago Mercantile Exchange. The CFTC brought the enforcement action against VTB Bank, headquartered in St. Petersburg, Russia, and its subsidiary VTB Capital PLC. VTB Capital is a U.K. […]

The Russian Prosecutor General’s Office has forwarded a criminal case over alleged embezzlement of 5 billion rubles ($96.4 mln) from the Bank for Foreign Trade (VTB) to court, RIA Novosti reports Thursday citing the authorities. According to the statement, Deputy Prosecutor General Viktor Grin confirmed the indictment of Fyodor Khoroshilov and Gendrik Mundut, who are […]