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Russia’s No.2 lender VTB to buy rescued Otkritie Bank for $4.7 billion

Russia’s No.2 lender VTB to buy rescued Otkritie Bank for $4.7 billion

© Reuters. The logo of Russian bank Otkritie is seen at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 15, 2022. REUTERS/Maxim Shemetov By Alexander Marrow, Maria Kiselyova and Elena Fabrichnaya MOSCOW (Reuters) -The Bank of Russia on Thursday agreed to sell bailed-out Otkritie Bank to the country’s No.2 lender, state-owned…

Sweden faces recession lasting into 2024, finance minister says

Sweden faces recession lasting into 2024, finance minister says

© Reuters. FILE PHOTO: Woman strolls through the Sodermalm area of Stockholm, Sweden October 22, 2020. Amir Nabizadeh/TT News Agency via REUTERS COPENHAGEN (Reuters) – The Swedish economy will enter a deeper, more long-lasting recession next year than previously forecast as soaring energy prices drive up inflation, hitting households and businesses, the country’s finance ministry…