Business & Finance15 May 2024, 3:22 am 1 minute

Reuters exclusively reported that Raiffeisen Bank International was warned by the U.S. Treasury in writing that its access to the U.S. financial system could be curbed because of its Russia dealings. 

Market ImpactThe United States is the world’s most powerful regulator chiefly because it can sever a bank’s access to the dollar, a cornerstone of international finance. Losing access to the dollar would be likely to plunge any bank into a crisis. 
Article TagsTopics of Interest: Business & FinanceType: Reuters BestSectors: Business & FinanceRegions: EuropeCountries: AustriaWin Types: ExclusivityStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Significant National Story

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