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Weekly Roundup: Russian Bank Regulator Quits, U.S. Justice Reportedly Reaches NPA with Islamic Investment Company, And More
printFollowing a series of scandals at some of Russia's largest banks, the Russian Central Bank's deputy governor, who was charged with bank supervision, announced Tuesday that he would step down on September 9, according to the Financial Times. Gennady Melikyan departure comes in the wake of a $14 billion bailout of Russia's third largest bank, the Bank of Moscow, in July. Nearly a third of the financial institution's business loans were found to have been made to former management, the FT said. Melikyan's predecessor, Andrei Kozlov, was assassinated in 2006 by the head of a private bank whose institution was...
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