Uniastrum Bank, Barclays Bank lose brokerage licenses

24 March 2011 (18:13)

UrBC, Yekaterinburg, March 23, 2011. Russia’s Federal Financial Markets Service annulled the brokerage licenses of OOO KB Uniastrum Bank, with HQ in Moscow, and OOO Barclays Capital (also Moscow-based). The licenses entitled the companies to deal in futures and options transactions, the service reports.

The decisions were taken by the service after the two banks had placed corresponding requests and produced proof of having met all their contractual obligations.

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