Previous Close | 17.33 |
Open | 17.37 |
Bid | 17.34 x 190000 |
Ask | 17.60 x 190000 |
Day's Range | 17.32 - 17.37 |
52 Week Range | 12.64 - 20.80 |
Volume | |
Avg. Volume | 257 |
Market Cap | 5.738B |
Beta (5Y Monthly) | 1.38 |
PE Ratio (TTM) | 2.49 |
EPS (TTM) | 6.96 |
Earnings Date | Jul 30, 2024 |
Forward Dividend & Yield | 1.25 (7.22%) |
Ex-Dividend Date | Apr 09, 2024 |
1y Target Est | N/A |
VIENNA (Reuters) -For more than four months, U.S. envoys delivered increasingly shrill warnings to Austria's Raiffeisen Bank International to scrap a deal they said had links to one of Russia's most powerful oligarchs. In May, Washington's patience snapped. In a written ultimatum that landed on May 8 at the bank, its supervisor the European Central Bank and Austria's government, Washington threatened to curb Raiffeisen's access to the dollar, according to one person who has seen the letter, a potential death sentence for the biggest Western lender in Russia.
Austrian regulators fined Raiffeisen Bank International for lapses in its money laundering controls, the country's Financial Market Authority said on Friday, imposing a record fine of just over 2 million euros ($2.1 million). The penalty, the biggest ever to be awarded by regulators in Austria, was handed out after failings were found in RBI's money laundering and terror financing checks on two banks it was dealing with, the regulators said, without naming the banks or the countries where they were based. The punishment, albeit minor compared to penalties that could be imposed, further tarnishes Raiffeisen's image which has been under pressure for continuing to do business in Russia when Western peers have severed ties.
U.S. Treasury Secretary Janet Yellen told Reuters that European banks face growing risks operating in Russia and the U.S. is looking at strengthening its secondary sanctions on banks found to be aiding transactions for Russia's war effort. "We are looking at potentially a tougher stepping-up of our sanctions on banks that do business in Russia," Yellen told Reuters in an interview, declining to provide specifics and not identifying any banks at which they could be aimed. Speaking on the sidelines of a G7 finance leaders meeting in northern Italy, Yellen said that sanctions related to banks' dealings in Russia would only be imposed "if there was a reason to do so, but operating in Russia creates an awful lot of risk," she added.