Russia rescues Bank of Moscow in record bail-out\ \ The bank''s erstwhile head, Andrei Borodin, has fled the country\ \ Russia''s fifth largest bank, Bank of Moscow, has been given the biggest bail-out in Russian history.\ \ The $14bn rescue came after another bank, VTB, gained control through a hostile bid, only to uncover bad loans valued at $9bn - a third of the bank''s assets.\ \ more at link
http://www.bbc.co.uk/news/business-13999509
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