Russia’s Trust bank sues ex-B&N execs for 306.5 billion roubles: Ifax

imageEconomy18 minutes ago (Sep 18, 2020 09:25AM ET)

MOSCOW (Reuters) – Russia’s Trust bank has filed a lawsuit against former executives of B&N bank, including Mikail Shishkhanov, for 306.5 billion roubles ($4 billion), Interfax news agency reported on Friday.

The central bank took on a number of Russian private banks, including B&N, in a bailout in 2017. Trust, currently owned by the central bank, holds some of distressed assets which previously belonged to B&N bank.

($1 = 75.3834 roubles)

Russia’s Trust bank sues ex-B&N execs for 306.5 billion roubles: Ifax

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