Summary
MOSCOW (AP) - After last week's run on one of Russia's biggest private banks and the near-collapse of a second, the Russian parliament and Central Bank stepped in to calm frightened depositors, a move that analysts said Monday was long overdue.
Alfa Bank - Russia's fifth largest by assets - paid out some $200 million in just three days, while Guta Bank was forced to temporarily shut down its operations last week after clients withdrew $344 million in June.See the full content of this document
Extract
Russian Bank Crisis Wanes
Already shaken by rumors that the Central Bank would...
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