[$$] Bank Of Moscow to Receive $10.6 Billion Bailout

[$$] Bank Of Moscow to Receive $10.6 Billion Bailout

July 1, 2011, 4:33 am

Bank Of Moscow to Receive $10.6 Billion Bailout Russian regulators Friday said they will provide Bank of Moscow, part-owned by VTB Group, with a $10.6 billion low-interest loan, and that VTB will provide 100 billion rubles to the troubled bank to rescue it from its "unstable" financial position.