Russian banking system 'in a safe place': central bank

Russia's central bank chief insisted Monday that the country's beleaguered banking system is out of danger after being battered by the economic crisis rocking the country. "The situation in the banking system is by and large a mirror for what is happening in the economy," bank head Elvira Nabiullina told President Vladimir Putin at a meeting. "Of course, external events have had an impact on the development of the banking system.