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    Moscow court upholds VIP-Bank license revocation

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    A Moscow arbitration appeals court has upheld a decision to revoke the license of a bank whose former board chairman, Alexei Frenkel, has been charged with masterminding the murder of a senior banking regulator.

    MOSCOW, February 8 (RIA Novosti) - A Moscow arbitration appeals court has upheld a decision to revoke the license of a bank whose former board chairman, Alexei Frenkel, has been charged with masterminding the murder of a senior banking regulator.

    The court thereby turned down an appeal from three companies, the bank's shareholders.

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