Wednesday, September 19, 2018
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Russian Central Bank to Bail Out Trust Bank With up to $530 Million

By Clip Syndicate
Russia's central bank said it would will provide a mid-sized bank with up to $530 million to stop it going bankrupt, in the first bailout of its kind during the current rouble crisis. It said in a statement, the central bank's Deposit Insurance Agency, responsible for managing crisis-hit lenders, would also take over supervision of Trust Bank as of Monday.

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