Explainer-A SWIFT primer as West moves to freeze Russia out of international payments

By Tom Bergin LONDON (Reuters) - The European Union, along with the United States and other Western partners, has announced further sanctions on Russia for its invasion of Ukraine, including…

UK leads drive to exclude Russia from SWIFT banking network

London, Feb 26 (PTI) The UK government is leading the charge in Europe to exclude Russia from the worldwide SWIFT banking network, as part of tough sanctions designed to deliver a…

US sanctions will isolate Russia from global financial system, says key White House official

Washington, Feb 25 (PTI) The unprecedented package of financial sanctions imposed by the United States in coordination with his friends and allies will isolate Russia from the global financial system and…

Asylum seekers shut out of financial system by some EU banks, watchdog finds

By Huw Jones LONDON (Reuters) - Some European Union banks are shutting out asylum seekers and other types of customers in mishandled efforts to comply with anti-money laundering rules, the…

Global finance system partly to blame for inequality – World Bank’s Malpass

By Andrea Shalal WASHINGTON (Reuters) - World Bank President David Malpass on Monday said fiscal and monetary policies were operating in "uncharted territory" since the start of the COVID-19 pandemic…