(Adds Rencap statement)
MOSCOW Aug 6 Russia's central bank said on Wednesday it had withdrawn the brokerage license of investment bank Renaissance Capital but the company played down the move, saying it was technical and it continued to operate normally.
The central bank gave no reason for the decision in a statement on its website. www.cbr.ru
Renaissance Capital, in a statement sent to Reuters, said it had asked the central bank to remove a number of its duplicate licenses in line with its optimisation programme. "Renaissance Capital continues to operate normally," it said.
Moscow-based Renaissance Capital (RenCap) is owned by Onexim group, the holding company of Russian tycoon and politician Mikhail Prokhorov. (Reporting by Polina Devitt; Editing by Mark Heinrich)
Home Capital sees 2nd-qtr loss on costs related to liquidity issue
June 29 Canadian lender Home Capital Group Inc said on Thursday it expects to record a loss in the second quarter due to costs related to its efforts to shore up liquidity.