UPDATE: Government nationalizes PrivatBank, guarantees deposits

The Ukrainian government acquired 100 percent of the shares of PrivatBank today, after the Cabinet of Ministers approved a request from the National Bank of Ukraine to place the country’s largest deposit holder under temporary administration, the Cabinet of Ministers said in a late Dec. 18 press release. The bank’s controlling shares have been transferred to the … Continue reading UPDATE: Government nationalizes PrivatBank, guarantees deposits