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Ukraine shuts two banks
Muhammad Iqbal
11 Jun, 2014
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![](https://i.brecorder.com/images/2014/06/shut99.jpg">KIEV: Ukraine is shutting down two banks owned by tycoons close to its ousted president and a smaller lender which has also been hit by the country's economic and political upheaval, a senior banking official said on Wednesday.</P><P>Brokbusinessbank, Ukraine's 16th biggest by assets, and Forum Bank, the 24th largest, are the most prominent business casualties of a recession aggravated by a separatist rebellion in east Ukraine and Russia's annexation of Crimea.</P><P>Announcing the central bank's decision to close the three banks at a banking )