Russia Offers Emergency Bank Aid to Prevent Otkritie Contagion
(Bloomberg – bloomberg.com – Jake Rudnitsky, Anna Baraulina – August 30, 2017) Russia’s central bank moved to contain a slow-motion banking crisis, offering support to other lenders after announcing the takeover of the largest institution yet. Bank Otkritie FC, Russia’s biggest private lender a month ago, is the first bank to be taken over by a fund created so that […]
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