bail out

bail out

Russian Central Bank to Bail Out Trust Bank With up to $530 Million

14h ago
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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. In all Russia's banking sector, under increasing pressure from a plummeting rouble and western sanctions over Ukraine, could get a capital boost of up to $17. 6 billion under a new law being prepared by the government. http://news.yahoo.com/russian-central-bank-bail-trust-bank-530-million-112754064--business.html http://www.wochit.com