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Russian Bank Loses License Due To Money Laundering

PYMNTS

Charles Taylor, had its license revoked because, as the Russian central bank said, it “regularly” broke regulations governing anti-money laundering rules. Commercial Bank of Ivanovo was Russia’s 294th largest bank, as estimated by regulators. Taylor served in Congress from 1991 to 2007.

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Does Virgin America Sale Help Or Hinder Discount US Airfare?

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Virgin loyalists are unlikely to get any help from regulators in saving their grounded carrier. Wichita State University’s Airline Quality Rating report found that the airline outperformed all its domestic competitors in minimizing lost luggage and avoiding delays, cancellations, oversold flights and customer-provided complaints.

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