KIEV (Reuters) - Ukraine is shutting down two banks owned by tycoons close to its ousted president and a smaller lender which has also been hit by the country's economic and political upheaval, a senior banking official said on Wednesday.
Brokbusinessbank, Ukraine's 16th biggest by assets, and Forum Bank, the 24th largest, are the most prominent business casualties of a recession aggravated by a separatist rebellion in east Ukraine and Russia's annexation of Crimea.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
