Russian Investment Bank Looks at US

You know that economic news isn't all that bad when a major Russian investment bank "VTB-Capital" is contemplating entering the US market, according to the bank Chairman Yury Soloviev: "VTB-Capital is not against entering the American market, perhaps by way of purchasing a company in New York City. At the same time we are not going to buy a major asset, or even purchase a license. ..."

The bank is contemplating expanding in Asia, where it has a subsidiary in Singapore. According to Soloviev, the bank would like to stake a presence in Hong Kong. It already operates in London and Moscow. "VPB" focuses its activities on securities issues, business development, direct investment, trade in the global commodity markets, asset management, as well as providing consulting services to clients on transactions in capital markets and mergers and acquisitions in Russia and beyond.

So the news is not all that bad for the NYC professionals in the finance sector who recently lost their jobs. Just make sure that you learn to speak Russian, and an interesting job may await you.