Ukraine nationalises largest bank amid stability worries

Ukraine is nationalising its largest bank following concerns over its stability.

The cabinet agreed to move PrivatBank into full state ownership, saying the move was carried out "in close coordination with international financial organisations" and with the consent of PrivatBank's owners - an apparent reference to the oligarchs Ihor Kolomoisky and Hennady Boholyubov, who together control more than 90% of the bank.