News: VTB Bank OAO (VTBRq.L)

VTBRq.L on London Stock Exchange

19 Dec 2014
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$-0.04 (-2.18%)
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Thu, Dec 18 2014

Russia prepares new support for banks that could be worth $17 billion

MOSCOW - Russian banks could get a capital boost of up to 1 trillion rubles ($17 billion) under a new law being prepared by the government to support a sector suffering from Western sanctions and an economic slowdown.

Advent bids again for Hypo Balkans network, sets deadline

VIENNA - Private equity group Advent International and its partner the European Bank for Reconstruction and Development (EBRD) plan to submit a new offer for the Balkans network of nationalized Austrian lender Hypo Alpe Adria on Wednesday but said they are prepared to walk away if no deal happens by next week.

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