Reuters first with $27 bln Russia bank bailout

Reuters first with $27 bln Russia bank bailout

Reuters was first on Jan 27 with news that Russia’s government plans a $27 billion capital injection for commercial banks and that state-controlled banks are likely to receive the lion share. Reuters competitors were far behind. Daily newspapers quoted Reuters in front-page stories next day, and the International Herald Tribune used the scoop in an article on how governments all over the world are fighting the crisis.