Sberbank of Russia

OJSC “Sberbank of Russia ” – the largest bank in Russia and the CIS with the widest network of branches offering full range of investment banking services. Founder and major shareholder of Sberbank is the Central Bank of the Russian Federation , which owns 50 % of the share capital plus one voting share , over 40% of shares are owned by foreign companies. About half of the Russian market of private contributions , as well as one in three corporate and retail credit in Russia accounted for Sberbank .

History of the Savings Bank of Russia begins with an edict of Emperor Nicholas I of 1841 on the establishment of savings banks, the first of which opened in St. Petersburg in 1842. After a half century – in 1987 – on the basis of state savings banks was a specialized labor savings and bank lending – the Savings Bank of the USSR , who also worked with entities . The structure of the Savings Bank of the USSR included 15 national banks , including the Russian Republic Bank .

In July 1990, the Supreme Council of the RSFSR Russian Republic Bank Sberbank of the USSR was declared the property of the RSFSR. In December 1990 it was converted into a joint stock commercial bank, which was legally established by the general shareholders’ meeting March 22, 1991 . In the same year 1991 , Sberbank became the property of the CBR and was registered as a joint-stock commercial Savings Bank of the Russian Federation. Largely thanks to the support of the CBR and increase fees for settlement services Sberbank managed to withstand the default on the GKO -OFZ market in 1998 ( at the time the share of public debt in the bank’s assets was 52 %, and the loan portfolio accounted for only 21% of net assets ) .

In September 2012, the CBR has sold 7.6% of Sberbank’s shares to private investors for 159 billion rubles, or nearly $ 5 billion. At the moment, the central bank remains the controlling shareholder ( the regulator 50 % of the share capital plus one voting share ) . Minority shareholders are more than 226 thousand individuals and legal entities , including foreign institutional investors , which owns 44 % of shares of ” Sberbank” .

In the largest credit institution RF three subsidiary banks in the CIS – in Kazakhstan, Ukraine and Belarus – and three “daughter” in Europe : Sberbank Europe AG with headquarters in Austria (established on the basis of the acquired “Sberbank” in 2012 Volksbank International AG, operates a network of nine subsidiaries in eight countries in Central and Eastern Europe – Slovakia, Czech Republic , Hungary, Slovenia , Croatia, Bosnia and Herzegovina , Serbia and Ukraine ), DenizBank AS in Turkey ( 99.85 % of the shares purchased as in 2012 ), and Sberbank (Switzerland) AG , headquartered in Zurich. In addition, the Savings Bank has representative offices in China and Germany and a branch in India.

In 2012, the Savings Bank has closed a deal to merge with the investment company “Troika Dialog” ( transformed into a corporate investment structure Sberbank CIB, a retail bank “Troika Dialog” autumn 2013 sold to a group of private investors ) . Also in 2012 was closed transaction Sberbank of the French group BNP Paribas majority stake in its subsidiary Russian retail bank ( now operates as a joint venture Setelem Bank , the share of “Sberbank” – 74%).

Despite not outstanding quality service in most offices ( except for services for VIP-clients ) , not only the leading bank in terms of assets , but also by the number of current accounts of legal entities ( over 1 million ) . Retail deposits , Sberbank of Russia is a monopolist – controls 45 % of the market ( the bulk of the deposits ” physicists ” falls on the so-called pension deposits in rubles). It is worth noting that at the beginning of 2002 the Bank’s share was 71.4%. Further reduce the market share occupied by Sberbank, largely contributes to the deposit insurance system and the increase in deposit insurance coverage . Through Sberbank salary is received about 11 million people , and pensions – 12 million Bank issued more than 30 million cards , the number of ATMs is more than 19 thousand Number of employees as at 31 December 2012 amounted to more than 233 thousand people.

How to attract money?

 Every person , no matter how lucrative it was doing , whatever savings or owned , aims to have as much money . It is natural that in order to achieve financial well-being must be a lot of effort . However, there are simple tricks that can help in solving financial problems.
How to attract money? The age-old conventional wisdom and newfangled trends parapsychology agree on one thing : to ensure that the money will ” go ” to you , not from you , you need to treat money with respect and play by the special “money ” rules.
Let’s start with the purse. First, do not purchase cheap purses. They themselves carry energy poverty , and serious money is almost no chance to visit them. Second, pay attention to the color and material of which it is made. The most suitable materials are leather and suede , and colors, accumulating material wealth, not so much: brown, black , gold.
Too many put in a purse photos of loved ones , which are also powerful energy carrier of the charge , but non-financial . Moreover, the photos in your wallet may hinder the attraction of money , and , on the contrary , energy, money can have an effect on the photos shown to them as people , and in an unpredictable way .
But the special “money drives ” , amulets carry recommended. So , heather in large quantities concentrates material energy , that he drew the money in your wallet , a sprig of this plant should always carry with you. In the coin compartment and be sure to put in the pocket of fiat ( never on what is not spent ) coin ( denomination ) to cash energy is always present inside. For example , the best known and most common ” money ” amulet from the Americans – “the first dollar earned ,” bringing good luck in finance .
It is not recommended to stick the money in a purse, pocket crumpled up all the cash in your wallet to be smoothed out and placed in a purse face to the owner.
To lure the money , according to ancient accept , we must go out at night to the young month , show him the money and ask them to give more. Helping someone who loads – it is desirable : it leads to an increase in welfare. But avoid using those discharges .
Also, remember that you can not put a bag with a purse on the floor , and that money will not be.
It is considered bad luck to borrow money in the evening or read them on Monday night.
It is undesirable to stand in the doorway, not to ” stagnate ” going to the house of well-being.
After sunset, the sun does not believe the money – not subsided .
Money on the table, do not put , do not sweep the house after sunset – it’s a loss.
Mad Money , which appeared out of nowhere (even found a wallet, an extra delivery in the store) is not a gift of God, but quite the contrary . For the money necessary to pay off later disease , the evil eye , misfortune with loved ones .
As for debts, loans, here are the recommendations : the debt is given in the morning , not at night – so the money were performed , on Monday did not give money , or else the whole week will be the cost .
However, do not forget: “If the money – all you need is all you get .”

Money and goods on credit without interest : is it profitable?

Surely all seen the television ads , tempting offers a variety of goods on credit without interest and overpayments . It would seem advantageous offers obvious: the need to purchase on hand immediately, and pay for it , you can gradually , often very small amounts. Therefore the desire of consumers to borrow money and to get them back without overpayments , as well as to purchase goods on credit without interest is understandable , but if everything is transparent and profitable as touted ?
Goods on credit.
In fact, the sale of goods , among which the most is a variety of equipment , credit and interest-free – mostly a marketing ploy . Moreover, if we pay attention to the range of shops , you can see that the interest-free loan to the proposed issue is not all the goods , and only some of the major groups, vendors touted as beneficial share.
What’s the catch ? Quite simply, often shops in this way get rid of the stale on the shelves of goods , paying the bank interest on the loan, which was originally incorporated in the cost of items sold in the form of discounts . It turns out that the customer actually pays for the goods more than he could pay for a simple markdown items.
And if you spend a bit of time, then the probability that in a nearby store , this technique will be cheaper just by the amount of bank interest , is quite high . Although, if there is no way to put up a tidy sum , such a loan can be a good way out of the situation.
Money on the credit .
If earlier it was possible to borrow quite a large sum of money from friends or relatives, and none of them even did not occur to ask for interest , but now those days are gone . Now if someone lends money , then under the bill, and at interest. But nowadays it has become much easier to get a bank loan. As advertising assures us , maybe even get a loan without interest.
Is there a loan without interest or is it still a myth?
On the example of the goods it turns out that rather no than yes , but with a definite chance to save money still available. We are talking about the service provided by many banks as credit card for a certain amount of fixed interest-free period . If you can get the money back during this pre-agreed period , the interest will not have to pay .
But if you do not have time to return during this time or not to return the entire amount , the interest will be charged from the first day of the loan . In addition, certain expenses the client still is : it may be a fee for issuance of the card , some other ad hoc committee , as the bank will still seeks its profit at least some way. So do not rush firmly believe in free credit and before you decide to take it , it’s worth remembering that the banks , it suggests, should get their profits.
And the money in debt simply because they give not profitable, so that the overpayment for goods or credits will still be present

Top 10 richest fictional characters

On the eve of the magazine «Forbes» published the eighth comic ranking of the richest fictional characters, the three leaders that included Scrooge MakDak , the dragon Smaug and the vampire Carlisle Cullen .

Drake – billionaire , who took first place , has in its storage ( in Daksburge , state Kalisota ) about 65.4 billion dollars. Scrooge from the cartoon ” DuckTales ” has acquired such a state , extracting minerals , and, of course, always giving thanks to a successful treasure hunt .
It should be noted that the size of its state is constantly increasing, for example, in 2002 «Forbes» rate it 8.2 billion.
In addition , the story of Scrooge billionaire began when he , while still a duck , cleaned to a shine very dirty boots of a gentleman , and was disappointed when he was paid for it only 10 cents. However, the duck keeps its first coin of 10 cents as a mascot and believes that it brings him wealth and good fortune.

Second place in the possession of the dragon Smaug story by John Tolkien’s “The Hobbit , or There and Back Again .” In the first half of 2013, the state Drakosha was 54.1 billion dollars. It should be noted that the Smog in 2011 took seventh place , and in 2012 soared to first place with 62 billion . We know that he lives on a lonely mountain and holds treasures gnomes. According to the publication , the main source of income is a marauding dragon .
And , despite the fact that it is a dragon, all his treasures he knows without exception , until the very last golden nuggets . Naturally , like all dragons, he can breathe fire and has an awesome view .

The third place is occupied Topa head of the family Cullen , the vampire Carlisle from the famous vampire saga “Twilight” . His state of ” Forbes ” estimated at 46 billion dollars that the investor earned a good investment of money.
373- year-old native of London broke into the rankings in 2010, the year , taking the top spot . Over the past three years , despite the increase in the state 12 billion , the head of the vampire clan lost leadership .
It is worth noting that a very successful doctor prefers only German cars, which is why it moves only on the black Mercedes S55 AMG.

Next, the fourth in the ranking took the hero , who in the film “Iron Man” played by Robert Downey Jr. – Tony Stark. Superhero comics publisher of Marvel Comics, the evaluation edition is $ 12.4 billion .
By the way , Tony – the son of a wealthy industrialist , he inherited the bulk of his wealth and his father’s business at age 21 , turning the company into one of the leading manufacturers of weapons.
Conceited genius inventor Stark in recent years climbed one spot , as its condition for the year increased by more than 3 billion “green” .
But despite the enormous wealth , Stark’s life is not perfect – he’s a former alcoholic, and his personal life – it’s a mess .

Fifth place – the media mogul Charles Foster Kane , from the cult film ” Citizen Kane .” Notably, that Kane devotes his life to the idea of ​​service to society , and he reports the latest news , but surely evolving into a person using his vast money and power to keep the needs of the ego . His fortune is estimated «Forbes», is 11.2 billion dollars. Revenue conglomerate «Forbes» in 2012 was estimated at 3.8 billion.

On the sixth line of the hit parade got Bruce Wayne , aka Batman . Uyen and got rating of «Forbes» – two lines , richer by $ 3.2 billion compared to last year. Now the state of a successful industrialist , a comic book character publisher DC Comics, is neither more nor less – $ 9.2 billion . By the way , like many who have entered the list of the richest fictional characters , Bruce has inherited much of his wealth after the death of their parents .

The seventh stage took the youngest billionaire – Richie Rich , the protagonist of the comic book and movie ” Richie Rich .” The boy was born to a wealthy family , whose fortune is estimated at $ 70 billion . He has everything a child could want , including – their own roller coaster , the ability to ride around town in a Rolls-Royce and its own McDonald’s in a separate room . However, the rating of «Forbes» he dropped one position , the status of Rich dropped by more than $ 2 billion . To date, to his credit – $ 5.8 billion .

In eighth place with 2.5 billion dollars – rookie rankings, extravagant character of the acclaimed novel “50 shades of gray .” Christian Grey is very successful in business , is self-contained and fully realized. The young billionaire , whose secret passions understands the main character of the novel Anastacia Steele, hard treats subordinates and competitors in the business.

Knight took ninth place , and subsequently Lord Commander of the Royal Guard – Tywin Lannister (one of the characters in the TV series “Game of Thrones “). He owns 1.8 billion. Head of House Lannister , one of the most powerful lords of the Seven Kingdoms , for the year to 300 million poorer . The main source of wealth kind – many gold mines in the Western Lands.

Closes ten owner of the Springfield Nuclear Power Plant Montgomery Burns from the animated series “The Simpsons .” Chief of the rich universe of the popular animated television series from 2006 has lost more than $ 10 billion of his fortune . The cause of this trend , apparently, lies in the problems of nuclear power. Today, the state of the misanthrope is estimated at $ 1.5 billion .

By the way, in the list of the richest fictional characters «Forbes» can enter only those characters that were created by a specific author or group of authors . Thus, mifilogicheskie and folkloric characters in the ranking can not participate . One of the conditions for inclusion in the list is the famous character in part because of the wealth. In addition , the hero must be the main or a major in the fictional universe and have success with her ​​fans .
For a complete list of the richest fictional characters can be found on the website of the magazine «Forbes».

After 10 years will be 2 times more millionaires

After 10 years will be 2 times more millionaires
Over the next decade, the richest people of the top 25 countries in the world will increase their economic power with $ 92 trillion in 2011 to $ 202 trillion by 2020, an increase of 119%. And also increase the number of millionaires.

This is evidenced by the results of a study conducted by the American company Oxford Economics with the support of the Center for Financial Services Deloitte, aimed at the study of the distribution of wealth over the next decade in the 25 most advanced economies of the world chosen for their size, growth potential and strategic importance.

According to the report is that while millionaires from emerging market countries, likely to be more dynamic in terms of growth rates, the richest community in the U.S. and Europe will remain a “global centers of capital accumulation” in the next decade, in terms of available capital and the number of millionaires. Experts also predict a rapid redistribution of global capital towards emerging economies over the next decade.

Among the top 25 countries with the most rapid rate of economic growth is China, which prophesy out of the top 10 richest countries in the world in 2015. Chinese businessmen have built up capital of $ 3.6 trillion. Overall economic strength of China’s millionaires will grow by 392%, business in Brazil will increase by 258% and in Russia by 242%.

Forecast of development of the capital in 25 countries (in trillions of dollars):

Number 2011 – a trillion. $ 92,26                                                    № 2020 – a trillion.    $ 201,95

1 USA                              38.60                                                         1 United States           87.11
2 Japan                           10.00                                                         2  Japan                     19.02
3 Italy                                5.71                                                         3 Germany                 10.94
4 United Kingdom             5.69                                                          4 United Kingdom      10.58
5 Germany                       5.14                                                          5  Italy                          9.48
6 France                          4.62                                                           6 France                     8.31
7 Canada                         3.35                                                           7  China                      8.24
8 Hong Kong                    2.48                                                           8 Canada                   6.77
9 Switzerland                    2.41                                                           9 Hong Kong              5.70
10 Spain                           2.17                                                         10 Switzerland              4.33
11 Netherlands                 1.75                                                         11  Australia                 3.64
12 China                          1.67                                                          12  Spain                     3.42
13 Australia                      1.49                                                          13 Netherlands            3.14
14 Taiwan                         1.26                                                          14 Taiwan                    3.03
15 South Korea                0.99                                                          15  India                      2.95
16 Singapore                    0.88                                                          16 Russia                   2.70
17 Russia                         0.79                                                           17  South Korea         2.50
18 Sweden                       0.71                                                           18 Singapore              2.42
19 India                            0.58                                                           19  Brazil                    2.04
20 Brazil                           0.57                                                           20 Sweden                 1.38
21 Turkey                         0.46                                                           21 Turkey                  1.34
22 Mexico                         0.36                                                           22 Mexico                  1.12
23 Norway                        0.36                                                           23 Norway                  0.84
24 Malaysia                      0.14                                                           24  Malaysia               0.69
25 Poland                         0.08                                                           25 Poland                   0.26

Forecast of the number of millionaires in 25 countries around the world:

2011 Country Number of millionaires                in 2020 Country Number of Millionaires
1 United States                11054                                1  United States              20551
2 Japan                             5705                                 2  Japan                          8649
3 Germany                        5348                                 3  Germany                     5789
4 United Kingdom             2904                                  4  United Kingdom           3814
5 France                          2653                                   5  Italy                             3552
6 Italy                               2476                                   6  France                        3346
7 Canada                        1745                                    7  China                          2500
8 China                           1312                                    8  Canada                       2413
9 Spain                           1022                                     9  South Korea              1730
10 Taiwan                         719                                    10  Australia                   1620
11 Netherlands                 713                                    11  Spain                        1602
12 Hong Kong                   712                                   12  Taiwan                       1264
13 Australia                       698                                   13  Russia                       1205
14 Switzerland                   573                                   14  Hong Kong                1178
15 South Korea                 520                                   15  Brazil                         1001
16 Russia                          375                                    16  Netherlands               959
17 Brazil                            303                                    17  Switzerland                 872
18 India                             286                                    18  India                           694
19 Turkey                          273                                    19  Mexico                        615
20 Sweden                        252                                     20 Turkey                        601
21 Singapore                     221                                     21  Singapore                 449
22 Norway                         178                                      22  Sweden                    422
23 Mexico                          170                                      23  Norway                    319
24 Malaysia                         76                                      24  Malaysia                  246
25 Poland                            50                                      25  Poland                    126

Ironically, the paradoxical conclusion: Despite the exceptional growth in emerging markets, developed markets will remain the global centers of wealth over the next decade, in terms of how the amount of wealth, and the number of millionaires.

In addition, these data suggest that emerging markets are not uniform in size, growth potential and asset allocation, which ultimately gives these markets are great prospects for the movement of investment flows in different directions. The results of the study offer a rich picture of the evolution of an unprecedented global capital in the next decade.

Rescue or collapse of the euro:


Optimists regard the historic London speech of the ECB as a fundamental turning point in the struggle with the crisis in the euro zone, the skeptics – as a betrayal of fundamental principles.
There were no signs of sensation: it was believed that Mario Draghi will pronounce in London July 26, 2012 it is the duty speech. However, the president of the European Central Bank (ECB) is preparing to make a historical statement, and therefore deliberately chose the best place and time.
The British capital is ideally suited for this purpose. It is the largest in Europe and one of the most important financial centers in the world, and Mario Draghi was to speak in front of an elite sector – investment bankers. In other words, to those who decide how, when and how much to invest in the euro area.
In addition, London has a strong media industry, able to instantly replicate around the world important news. A heightened media interest in guest appearances from Frankfurt-am-Main, where the headquarters of the European Central Bank, was originally provided: the guest list were listed Prince Charles, British Prime Minister David Cameron, head of the International Monetary Fund Christine Lagarde.

Ideal has been selected and the time to sign statements. By mid-summer 2012 doubts about the future viability of the European Monetary Union, especially popular just in the UK and the U.S. reached its climax. One indication of this was the fall of the euro to near its lowest level in two years – $ 1.20. And the stock market indices of the euro area fell to the moment for months.
In such circumstances, Mario Draghi, and said, very simple but historic in its significance the phrase: “As part of its mandate” … (This is a significant refinement of the journalists are usually omitted when quoting) “… the ECB will do everything possible to save the euro.” And then he added: “And believe me – it will be enough.”
Markets have believed: and the euro, and stock prices and quotes of government bonds of troubled countries immediately went up, and then started increasing trend lasts, in fact, to this day. After all, the powerful head of the European Central Bank, saying its unconditional commitment to support the euro, deprived of a chance of winning all the speculators, betting on the collapse of the euro and the collapse of the eurozone.
“If Mario Draghi did not take anything like this, the danger of the collapse of the eurozone would be a tangible” – says Michael Heise (Michael Heise), chief economist of Europe’s largest insurance group Allianz. In an interview with DW, he stressed that the collapse of the monetary union, “German taxpayers would cost a lot more expensive than the stabilization loans that were handed out in recent years.”
“In the short term, Mario Draghi has made calm markets – agreed Thomas Mayer (Thomas Mayer), the chief economic adviser to Germany’s biggest bank Deutsche Bank. – But in the long term, his statement marks the beginning of a change of the model of the European Monetary Union.”

Before the show in London a top priority ECB was upholding the Maastricht criteria for financial stability, implying, ultimately, the responsibility of each State to its own budget and its own debts, said Thomas Mayer, in an interview with DW. “After the speech, Draghi – he explained – installation is as follows: the main thing – it’s the euro itself, and only then are the terms on which it is emitted.”
From this change of priorities emerged the second most important message of London speech Mario Draghi: ECB to save the euro is ready to continue to buy government bonds of the euro zone countries are experiencing financial problems. And buy unlimited – both in time and volume.
For advocates of the model of the central bank, which has always adhered to the German Federal Bank (Bundesbank), and which was originally created by the ECB, the incident is a blatant violation of a taboo. From their point of view, the central bank must ensure price stability by preventing any inflation or deflation, and nothing else do not do it. And especially not to fund the government through the purchase of government bonds issued by it, thus removing the elected politicians of the responsibility for the country’s ongoing economic and social policies.
However, critics of London speech Mario Draghi confused it is not only a departure from the canonical norms. Immediately began voicing concerns that the head of the European Central Bank will act on the promise raskholazhivayusche indebted southern European eurozone members.

“If a guarantee provided by the European Central Bank will lead to that policy, relaxed, no longer to carry out drastic reforms and depart from the course of austerity, the skeptics will ultimately prove to be right” – warned in an interview with DW Thomas Meyer.
Something similar happened in the year that has passed since the London speech Mario Draghi? No, it did not happen, ascertain the optimists. Moreover, they continue the program of buying government bonds proclaimed, but so far no country it has not taken advantage of.
“The ECB was the only major central bank of the world, who for the past 16 months did not buy government bonds. Alone are oral assurances Mario Draghi was enough to calm the markets. This is – an obvious success,” – welcomed the results of last year’s historic speech of Michael Heise. Euro, he recalled, still exists, is highly regarded and will soon become the currency is no longer 17, but 18 states.
The worst is yet to come, the skeptics argue. ECB after that speech came from the foundation Maastricht agreements, has lost some of its independence, rejected the principle of exclusive focus on price stability. The pressure on the troubled countries in dire need of fundamental reform and rehabilitation of Finance, is not so great. So now only a matter of time when Mario Draghi will have to run the printing press and start saving drowning in debt the country.

Who is right, it will become clear at the latest by the fifth anniversary of the historic speech.

Source: Russian service of Deutsche Welle

Donetsk “Shakhtar” signed a contract with the largest bank in the world

Shakhtar Donetsk “ signed a contract with the largest bank in the world
Partners signed an annual contract, which expires June 30, 2014.

FUIB for 4 years in a row is a list of the largest banks in the world The Banker, the best bank in the country according to the World Finance and most electronic version of the publication on the bank “Investgazeta.”

“We FUIB and” Miner “a lot in common. We care about our customers as well as the” Miner “cares about his fans, are responsible and open, participate in the sustainable development of Ukrainian society. As a result, we get the synergy of partnership for both brands, please our customers and fans of FC “Shakhtar” interesting events and relevant financial solutions “- said Sergey Chernenko, chairman FUIB.

“Shakhtar” – a team of winners, the game which does not leave indifferent millions of people in love with football. We are glad to see FUIB among our partners. This means that another company with high standards of business shares our values ​​and supports the development of football culture in Ukraine “, – says Sergey Palkin, CEO of FC” Shakhtar “.

Fighting corruption in the Vatican coincided with the scandal.

The new Pope is considering to close the controversial Vatican Vatican Bank,
In recent years, the bank is at the center of scandals money laundering. The Pope promised to consider the possibility of closing the Vatican bank newly elected Pope would consider closing the Vatican Bank, which for several years periodically appears in the center of scandals. It is reported by The Times, referring to the president of the Pontifical Council for Mass Communications, Archbishop Claudio Maria Celli. The Archbishop said that such a decision can be made after formal treatment of two Cardinals during the general congregations that preceded the conclave. According to Celli, when deciding the Pope will be guided by the principles of transparency and “commitment to international laws and regulations in this area,” including those relating to money laundering. Recall, in June 2012, it was announced that his office suspects in the Vatican Bank
financial fraud, because of corruption in Vatican service construction companies of the country have increased significantly.

Vatican’s ambassador to the U.S., Archbishop Carlo Maria Wigan accuses the Bank’s management of the Holy See in money laundering. In his correspondence with Pope Benedict XVI Wigan states that in awarding contracts, Bank of Ettore Gotti Tedeschi more tailored to their interests than the state, which was the reason for the increase by half the cost of services of construction companies in the Vatican, reports the BBC. The archbishop, who until September 2011 served as Secretary of State of the Holy See, said that the direction of a diplomatic post in Washington is directly related to his fight against corruption. “My translation inspires bitterness and despair of those who sincerely believe that it is possible to investigate many cases of corruption and illegal expenses,” – wrote a churchman. According to the statistics of the Holy See for the two years of the dignitary as Secretary of State of Vatican museums balance small country has changed from a deficit of 8,000,000 euros for a profit of more than 34 million

Fighting corruption in the Vatican coincided with the scandal.
Vatican hit by a financial scandal Scandal in the Vatican Bank. Influential financier of the Holy See was arrested on suspicion of fraud and money laundering, the Father Nunzio Scarano worked in the real estate department of the Vatican and allegedly tried to illegally from Switzerland to Italy € 20 million in cash. Along with him were detained officer of the secret service and the financial broker. Scarano was removed from his post after being accused of laundering more € 0,5 million The Holy Father then denies the charges. Pope Francis seriously took up the fight against corruption and recently appointed a commission to monitor the activities of the Vatican Bank.

The largest bank in the world recognized Wells Fargo

Wells Fargo has bypassed by market capitalization Industrial & Commercial Bank of China

U.S. Wells Fargo is recognized as the largest bank in the world. He went on capitalization Industrial & Commercial Bank of China (ICBC), which bore the title in July 2007, reports

According to reports, July 24, the market value of Wells Fargo was estimated at $ 236 billion, while ICBC capitalization of $ 223 billion

As for the ICBC, its maximum capitalization of $ 374 billion due to the rapid growth of China’s economy

Camym expensive bank ICBC became the world in July 2007. The rapid growth of the Chinese economy in November of the same year, has pushed the cost of the bank to a maximum of $ 374 billion

Note that the second-largest economy in the world now build on momentum. GDP growth in the first quarter was 7.5%, in the second – 7,7%, while business activity in the manufacturing sector in China, according to the bank HSBC, slowed for the third month in succession. The rating of the Celestial significantly reduced the ratings of issuers of bonds in June, suggesting a possible wave of defaults in the bond market. In addition, last month in China was recorded outflows of foreign capital.

C drop in share price faced by many Chinese companies. For example, in 2013 Chinese corporations, according to calculations agency Bloomberg, for the first time since 2006, were not included in the top ten largest companies by market capitalization. The cost of the most expensive companies in China dropped due to the general decline of the market shares of the country. In particular, the index MSCI China, which brings together market leaders of the country, since the beginning of this year decreased by 16%. At the same time, the index Standard & Poor’s 500, which includes shares of the 500 largest U.S. companies over the same period increased by 12%.

Recall that in the current year, a shift of priorities in global stock markets, which has been observed in recent years has intensified, leading to a sharp increase in the gap of the market capitalization of the largest U.S. banks and commodity companies in emerging economies. For example, Bank of America Merrill Lynch thought last week that the total capitalization of the two largest U.S. financial institutions – said Wells Fargo and JPMorgan – was $ 440 billion, which exceeded the value of all the leading commodity concerns BRIC ($ 420 billion, the data BofA).

. Bypass Singapore and Switzerland will be the largest “bank” of the world

Singapore may soon surpass Switzerland in terms of assets under management of local banks and investment funds, analysts said Pricewaterhouse Coopers, which predict the city-gosudarsvu leadership in this area within the next two years.

According to the Monetary Authority of Singapore, the total assets under management of local funds, and investment banks over the past year has increased by almost a quarter to a record – 1.3 trillion. dollars, according to RBC.
Bank of Singapore separately highlights: about 80% of these funds – the money of foreign investors. Mainly affluent Asians: Indians, Indonesians and Chinese. Last private depository harbor – Hong Kong – less satisfied because, first of just strengthening ties with the mainland Administrative Region. However, closely get accustomed to the Singapore financial sector and the Europeans and the Americans.

This is confirmed by analysts at Pricewaterhouse Coopers. The audit team earlier this month issued a bold outlook for Singapore. In her view, by 2015 the volume of assets under management in Singapore, may exceed rates in Switzerland, which is now at 2.8 trillion. U.S.. Auditors were echoed by experts from the London-based WealthInsight, however, they predict only lead Singapore in 2020.

Not least, analysts say, will soon play a serious redistribution of the market shock that alpine financial sector experienced at the end of May, when the U.S. tax authorities formally made by the Swiss banks disclosing information about American depositors, thus, if not destroyed, it really poshatnuv the concept of bank secrecy.

It is interesting that the Swiss themselves seem to think the same way and are considering Singapore is not so much as a competitor but as a prospective partner. Earlier this month, the National Bank of the Confederation of the European Central Bank first opened in the city-state of a branch. According to the manual, this was done in order to improve the management of the Asian investment portfolio. Ministry experts regarded the decision as further evidence of strengthening the position of Singapore on the world financial scene, concludes RBC

Three main trends in the global art market over the past year

E-Commerce – the fastest growing segment of the art market. This includes both the emergence of new players, focused exclusively on e-commerce, and the creation of online platforms traditional art dealers. Today it is 35% of the companies working on the art market and in the index Skate’s Art Industry Scorecard, engaged in online activities.

Auction house Christie’s, running the online service has the advantage over new players because it has a strong reputation and is able to contain and maintain the project. Another well-known art dealer – Saatchi Gallery – introduced a service Saatchi Online, which has a good chance of Amazon’s art market. In turn, the title of «eBay art industry” claims auction Paddle8, and “Wikipedia art market” wants to become the new portal

E-commerce – a definite trend, but nobody really knows what the business model will be successful: no strategy has proved the consistency over a long period of time.

The main problem – the online sales so far are too high risk unacceptable for most collectors. Works premium spent on traditional platforms auctions and art galleries. Rather, the model e-commerce will be the most successful in the market of low-cost facilities. Such works are profitable to sell / buy online: less transaction costs.

Art fairs are becoming more attractive for both galleries, as well as for the audience. Successful galleries in the face of fierce competition from auction houses are no longer able to work exclusively on the local market. Refusal to participate in prestigious galleries Fair casts doubt on its reputation. Whatever was not respected gallery, the reason for her absence from key art fairs can be regarded as non-admission to participation by a selection committee. Besides, art fairs ‘sell’ galleries access to the target audience. In recent years, the fair attracted more visitors. In 2012, on the top 10 art fairs visited by more than 700,000 people. Among them are many collectors who trade fair – in contrast to the auctions – allow to maintain the confidentiality of the transaction and provide an opportunity to discuss the private prices.

Another important trend – a growing need in the art industry professionals and, as a result, the demand for art education. This market is dominated by Sotheby’s Institute of Art, Christie’s Education and Drouot Formation.
Sotheby’s Institute of Art, operated independently of the auction house, founded three offices – in London, New York and Los Angeles: They provide an opportunity to get a master’s degree and pass a summer course in art fairs.
At Christie’s Education three offices – in London, New York and Hong Kong, which also offer to get a master’s degree.
Drouot Formation provides additional training for professionals in the art industry.

Given that the demand for training in these institutions is growing every year, we can expect the emergence of new players, embedded in their business model art education.