The 17th largest bank in Russia, with assets of approximately $10bn. The US Treasury describes it as "the personal bank" for senior Russian officials. Its shareholders include members of the inner circle associated with the mysterious Ozero Dacha Co-operative,Michael Kors Watches, a housing community on the shore of Lake Komsomolsk founded in 1996 whose original eight members have become extraordinarily rich under Mr Putin's rule. Many of these members are on the sanctions list.

The first winning idea will receive 50 million euros (?42m) and will be readied for launch in 2017.

and the first of th

GREGORY: You will be talking about it. Gene Sperling, thank you very much. Jim Cramer, continued success for the book. Thank you very much for being here.

He said that "the whole country has enormous sympathy" for the family of Alan Henning, the taxi driver from Salford who was . He warned, however, that there was "so little that we can do if people get into trouble" in Syria.