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Business & Finance
15 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.
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Market Impact
The 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 Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
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Regions: Europe
Countries: Austria
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
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Customer Impact: Significant National Story
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