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23-646: Rosbank (Russian: Росбанк) is a Russian universal bank . In October 2020, Rosbank ranked 11th among Russian banks in terms of assets (RUB 1379 billion). According to Forbes Russia , Rosbank was the third most reliable Russian bank in 2021. Legally, Rosbank is registered as a public joint-stock company (PJSC) and headquartered in Moscow. On 1 July 2011 Rosbank merged with another Russian subsidiary of Société Générale , Banque Société Générale Vostok (BSGV). Starting from April 2022, its majority shareholder has been Interros , after Société Générale has left Russian market due to

46-519: A division called "Rosbank Home" (Росбанк Дом). 1 March 2021 in the Rosbank was included Rusfinance, the Russian leader in the car loan segment. It turned into a division of Rosbank under the name "Rosbank Auto". In the spring of 2022, Société Générale decided to leave the Russian market due to the international sanctions following the 2022 Russian invasion of Ukraine. On 18 May, the deal on the sale of Rosbank to

69-662: A number of universal banks have emerged in both jurisdictions. In other countries, the concept is less relevant as there was no regulatory distinction between investment banks and commercial banks. Thus, banks of a very large size tend to operate as universal banks, while smaller firms specialised as commercial banks or as investment banks. This is especially true of countries with a European Continental banking tradition. Universal banking and private banking often coexist, but can exist independently. The provision of many services by universal banks can lead to long-term relationships between universal banks and their customers. Following

92-482: Is a correlation between whether a British citizen considers themselves "British" or "European" and whether they live in an area which primarily supported Brexit . Derivatively, the adjective continental refers to the social practices or fashion of continental Europe. Examples include breakfast , topless sunbathing and, historically, long-range driving (before Britain had motorways ) often known as Grand Touring . Differences include electrical plugs, time zones for

115-591: Is that although the Scandinavian peninsula is attached to continental Europe, and accessible via a land route along the 66th parallel north , it is usually reached by sea. Kontinenten ("the Continent") is a vernacular Swedish expression that refers to an area excluding Sweden , Norway , and Finland but including Denmark (even the Danish Archipelago which is technically not a part of continental Europe) and

138-466: Is the contiguous mainland of Europe , excluding its surrounding islands. It can also be referred to ambiguously as the European continent , – which can conversely mean the whole of Europe – and, by some, simply as the Continent . When Eurasia is regarded as a single continent, Europe is treated both as a continent and subcontinent . The continental territory of the historical Carolingian Empire

161-484: The 1907 financial crisis , the U.S. Monetary Commission wanted to understand the major financial systems of the world. A treatise by Jakob Riesser , the director of a Berlin bank, argued that the German universal banking system possessed beneficial characteristics that allowed it to efficiently provide inexpensive capital to industry and promote growth. Alexander Gerschenkron also advanced the hypothesis that universal banking

184-647: The United Kingdom ; Deutsche Bank of Germany ; ING Bank of the Netherlands ; RBC of Canada . Examples of pure investment banks generally do not exist except in America, and include the Bank of New York Mellon , Goldman Sachs , and Morgan Stanley . This bank and insurance -related article is a stub . You can help Misplaced Pages by expanding it . Continental Europe Continental Europe or mainland Europe

207-892: The Vladimir Potanin and Mikhail Prokhorov associated bank ONEKSIM bank (akas: Uneximbank; Onexim Bank; Oneksimbank) merged with Rosbank. In 2006 Société Générale acquired 20% of Rosbank with an option to purchase an additional package of 30% +2 shares for US$ 1.7 billion till the end of 2008. This option was exercised in February 2008. In February 2010 shareholders of Rosbank agreed to consolidate Société Générale assets in Russia, Rosbank, Bank Société Générale Vostok (BSGV) and two other entities: DeltaCredit and Rusfinance Bank. In January 2011 DeltaCredit and Rusfinance became 100% subsidiaries of Rosbank. On 1 July 2019, DeltaCredit mortgage bank ceased to be an independent bank and became part of Rosbank as

230-690: The continental part of Greece (excluding the Aegean Islands , Crete , and the Ionian Islands ), the continental part of Italy (excluding Sardinia , Sicily , etc.), the continental part of Portugal (excluding the Azores and Madeira ), and the continental part of Spain (excluding the Balearic Islands , the Canary Islands , the plazas de soberanía , etc.). The term is used from the perspective of

253-443: The international sanctions following the 2022 Russian invasion of Ukraine . Founded in 1993 under the name of AKB Nezavisimost (Independence), the legal status of the bank has evolved several times (1994: TOO, 1996: ZAO). In September 1998, Interros holding company bought the bank and renamed it to Joint Commercial Bank (JCB) "Rosbank". In 1999 the bank's legal status changed to Open Joint Stock Company (OJSC). On 21 November 2000,

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276-523: The Interros group was closed. The amount of the transaction was estimated at 0.2-0.3 of the bank's capital (40-60 billion rubles). In September 2022, Interros owner Vladimir Potanin announced his intention to transfer 50% of Rosbank's shares to his own charitable foundation. Another 7.5% of the shares were sold to a subsidiary of Rosbank - the investment company Rusfinance. It is assumed that these shares will be indirectly used to motivate Rosbank employees within

299-562: The Nordic archipelago, as well as nearby oceanic islands , including the Canary Islands , Madeira , the Azores , Iceland , the Faroe Islands , and Svalbard . The Scandinavian Peninsula is sometimes also excluded even though it is a part of "mainland Europe", as the de facto connections to the rest of the continent were historically across the Baltic Sea or North Sea (rather than via

322-658: The Putin regime. Universal bank The concept is most relevant in the United Kingdom and the United States , where historically there was a distinction drawn between pure investment banks and commercial banks . In the US, this was a result of the Glass–Steagall Act of 1933. In both countries, however, since the 1980s the regulatory barrier to the combination of investment banks and commercial banks has largely been removed, and

345-456: The framework of Potanin's concept of "people's capitalism". On August 16, 2024, the TCS Holding group acquired 91.9% of Rosbank shares, bringing its stake to 99.4%. In the future, it is planned to merge T-Bank and Rosbank. Until May 2022, Société Générale was the owner of 99.4867% stake, after which they were sold back to Interros. In the fall of 2022, Potanin announced the transfer of 50% of

368-548: The lengthy land route that involves travelling to the north of the peninsula where it meets Finland, and then south through northeast Europe). The Øresund Bridge now links the Scandinavian road and rail networks to those of Western Europe. In both Great Britain and Ireland, the Continent is widely and generally used to refer to the mainland of Europe. An amusing British newspaper headline supposedly once read, "Fog in Channel ; Continent Cut Off". It has also been claimed that this

391-709: The most part, the use of left-hand traffic , and for the United Kingdom, currency and the continued use of certain imperial units alongside the metric units which have long since displaced customary units in continental Europe. Britain is physically connected to continental Europe through the undersea Channel Tunnel (the longest undersea tunnel in the world), which accommodates both the Eurotunnel Shuttle (passenger and vehicle use – vehicle required) and Eurostar (passenger use only) services. These services were established to transport passengers and vehicles through

414-556: The rest of continental Europe. In Norway, similarly, one speaks about Kontinentet as a separate entity. In Denmark, Jutland is referred to as the mainland and thereby a part of continental Europe. The Scandinavian Peninsula is now connected to the Danish mainland (the Jutland Peninsula ) by several bridges and tunnels. The Continent may sometimes refer to the continental part of France (excluding Corsica and overseas France ),

437-478: The shares to Charitable Foundation of Vladimir Potanin. Another 7.5% were sold to Rusfinance. On 15 December 2022, the US Treasury added Potanin and Rosbank to its sanction list. In order to coordinate the bank's regional network, the management is organized as follows: The EU adopted sanctions against the bank in its 10th package in February 2023. Sanctioned by Canada on 22 August 2023 for association with

460-622: The tunnel on a 24/7 basis between England and continental Europe, while still maintaining passport and immigration control measures on both sides of the tunnel. This route is popular with refugees and migrants seeking to enter the UK. Especially in Germanic studies , continental refers to the European continent excluding the Scandinavian Peninsula , Britain, Ireland, and Iceland. The reason for this

483-533: Was a regular weather forecast in Britain in the 1930s. In addition, the word Europe itself is also regularly used to mean Europe excluding the islands of Great Britain, Iceland, and Ireland (although the term is often used to refer to the European Union ). The term mainland Europe is also sometimes used. Usage of these terms may reflect political or cultural allegiances, for example it has been observed that there

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506-615: Was critical to Germany's industrialization. More recently, Emory University economist Caroline Fohlin has questioned the validity of the Gerschenkron hypothesis. Notable examples of universal banks include Bank of America , Citigroup , JPMorgan Chase , and Wells Fargo of the United States; UBS and Credit Suisse of Switzerland ; BNP Paribas , Crédit Agricole and Société Générale of France ; Barclays , HSBC , Lloyds Banking Group , NatWest Group and Standard Chartered of

529-514: Was one of the many old cultural concepts used for mainland Europe . This was consciously invoked in the 1950s as one of the basis for the prospective European integration (see also multi-speed Europe ) The most common definition of mainland Europe excludes these continental islands : the Greek islands , Cyprus , Malta , Sicily , Sardinia , Corsica , the Balearic Islands , Great Britain and Ireland and surrounding islands, Novaya Zemlya and

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