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Russia frets over failure of its private lenders

They have been closing in droves amid a cull by the central bank that's pulled one in three licences since 2014


AS Russia's second-biggest private bank implodes, its billionaire owners have been conspicuous by their absence.

By leaving Bank Otkritie to fend for itself, the four shareholders controlling more than a third of the company - their combined fortune valued at over US$20...