Russian Banks Feel The Blow Of U.S. Credit Fallout

The latest hit by U.S. investment banks is causing deep trouble in areas and exchange traded funds (ETFs) on the other side of the globe, and Russia is beginning to feel the recent fallout. After the collapse of Lehman Brothers (LEH), Merrill Lynch (MER), and Bank of America (BAC), Russia’s primary stock indexes MICEX and RTS [...]