350 Russian banks at risk of closure, think tank warns

Russian banks at risk : 350 of Russia’s some 830 banks may not be around by the end of next year if there is not a dramatic reversal in the fortunes of the rouble, the Centre for Macroeconomic Analysis and Short-Term Forecasting, warned this week. The independent think tank is predicting that, without state intervention, as many as 200 banks could go to the wall in 2015 and a further 160 in 2016. KP.ru