The Conversation

Bank bailouts begin as Russia faces biggest challenge to date

23-12-2014 Author: The Conversation

The first casualty of the Russian rouble crisis. Hint: it's not Bruce Willis.www.trustbank.ru

The dramatic slide in the value of the rouble has claimed its first banking casualty. Trust Bank is being bailed out by the Russian Central Bank to the tune of US$530m. The emergency liquidity line is intended as life support for one of modern...

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