A former OAO Sberbank manager whose workplace comments are at the center of a U.K. sex-bias claim testified he wasn’t motivated by gender when he referred to a female employee as a drug user and that workplace insults were common at the Moscow-based bank.
Co. sells 20.53% of AvtoVAZ shares to Alliance Rostec Auto B.V., which is a joint venture of state corporation Russian Technologies and Renault-Nissan alliance, Vedomosti reports, citing an unidentified representative of the Russian state co.
David Longmuir, head of equity sales at OAO Sberbank’s London unit, agreed to step down after being accused of referring to a colleague as “Ms. Cokehead,” according to two people with knowledge of the matter.
OAO Sberbank, Russia’s largest lender, is halting equities operations in Kazakhstan as margins shrink and the banking regulator tightens capital requirements, according to three people with knowledge of the matter.