Russia

Russia’s central bank has a crisis on its hands

Jpg” alt=”Promsvyazbank bank russia” data-mce-source=”Maxim Zmeyev/Reuters” data-mce-caption=”A man speaks on the phone near pigeons, with a branch of Promsvyazbank seen in the background, in Moscow, Russia, August 19, 2015.”>Maxim Zmeyev/Reuters

    Russia’s central bank bailed out Promsvyazbank, a large private lender, on Friday.

    The bank is tightening lending rules and is demanding stronger capital buffers.

    Since 2013, the central bank has Join The Conversation

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