To quote Larry Kudlow: Free market capitalism is the best path to prosperity! Matters of business and free enterprise are discussed on this blog. Included are company press releases, 3rd party news articles and videos, articles and videos pertaining to small business, and white collar crime.
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Tuesday, December 30, 2014
Russian banks starved for cash as funding crisis worsens - Dec. 30, 2014
Russia's banks will likely need more government handouts as they battle the country's growing funding crisis.
The country's financial sector is under tremendous stress from the plunging value of its currency combined with Western sanctions imposed over Russia's actions in Ukraine.