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Scaled-Up Banking Rescue to Push Russian Budget Into Deficit
Scaled-Up Banking Rescue to Push Russian Budget Into Deficit
Russia’s central bank said its bailout of Trust Bank – the first major lender to fail as a result of the sharp decline in the ruble – would cost about $2.5 billion, far more than previously anticipated.
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Russia Bails Out a Failing Lender, Trust Bank
Russia Bails Out a Failing Lender, Trust Bank
The country’s central bank said it would inject $530 million into Trust Bank, and analysts predict more bailouts could follow.
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