$3.5Bln Covers Bank of Moscow Losses

Former Bank of Moscow head Andrei Borodin has been accused of related-party lending in real estate deals. VTB will inject up to 100 billion rubles ($3.5 billion) into Bank of Moscow to cover loan losses, Interfax quoted a source close to VTB as saying Monday. The bailout would come as part of a 250 billion ruble rescue package for Bank of Moscow, Russia’s No. […]