icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Merrill Lynch penetrates Russian banking

One of the world's leading financial groups Merrill Lynch is buying about 10% in Russia's banking holding Trust.

Merrill Lynch says it’s not planning to increase is its interest in Trust bank to a controlling stake.

The Russian bank says a Merrill Lynch representative will join its board of directors.