Central Banker Who Slayed ‘Zombie Banks’ Meets Too Big to Fail
- Ukraine’s Gontareva seeks to end ‘oligarch banking practice’
- Biggest lender needs cleanup, but a delicate one, given scale
This article is for subscribers only.
In two years as governor of Ukraine’s central bank, Valeriya Gontareva has shut down nearly half the country’s lenders, a financial purge with few modern precedents. But at a private dinner this spring with George Soros, she worried that it won’t be enough to banish permanently from Ukraine what she calls “oligarch banking.”
QuickTake QuickTake What's A Zombie Bank?