Russian Exit: Withdrawals by Foreign Banks Belie the Industry's Recovery
Too many multinationals piled in during the fevered days before the September 2008 market collapse, and now some are dropping out. By contrast, billionaire Mikhail Fridman's Alfa-Bank, the country’s largest private sector lender, posted a record profit of $553 million in 2010.
Craig Mellow
May 24, 2011