There are worrying signs in Russia's banking sector, says Ivana Kottasova on CNN Money. The Russian central bank has nationalised B&N Bank, the country's eighth-largest by assets. Only a few weeks ago it had to bail out the biggest private lender, Otkritie. Is a systemic crisis now in the offing?
The trouble in the sector stems from the oil-price collapse and recession of 2014, a downturn exacerbated by EU and US sanctions against Russian companies. The International Monetary Fund thinks up to 13.5% of all loans could be bad. The official figure is 10%.
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Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
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Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?
