Bank of Moscow Gets Record $14Bln Bailout

A man leaving a Bank of Moscow office in central Moscow on Friday. The bank will receive a $14 billion bailout. In the largest bailout in modern Russian history, Bank of Moscow, the country’s fifth-largest bank, will receive up to $14 billion in state-backed loans after the discovery that almost a third of the bank’s assets are “problematic,” the Central Bank said. Financial transparency in a […]