Bank License revoked

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We are going through a period where we will see many banks and businesses fail, but those who come out the other side of it in one piece will be the clear winners, with a much larger market share than before.

Bank License revoked

Russia’s central bank said on Tuesday it had revoked the licence of Agrochim, with the Moscow-based bank unable to meet creditors’ demands.
The central bank has withdrawn around 20 banking licences since the end of August as mistrust and the liquidity crisis take their toll on Russia’s 1,000-plus banking sector.