14/01/2025 (Agence Europe) – On Tuesday 14 January, the Single Resolution Board (SRB), the European authority responsible for resolving failing banks within the banking union, ruled that “no compensation is due” to the shareholders of the Austrian, Slovenian and Croatian subsidiaries of the Russian bank Sberbank, the resolution of which was initiated in 2022 in response to Russia’s military aggression against Ukraine (see EUROPE B12902A2). According to the European authority, the...