Beginning in early October 2008, several Russian banks failed due to liquidity issues related to US credit derivatives. Russian bank Globex barred customers from withdrawing money from their accounts October 15, 2008, in the first bank run of the current global economic crisis.
In June 2013 Elvira Nabiullina was appointed to the chairman of the Central Bank of Russia. In an interview with television channel Channel one she said Russia’s Central Bank has no blacklists of banks subject to license revocation. She added that the Central Bank will not warn any bank about such measures. She said "As a matter of fact, no one knows who might be the next, We cannot warn anyone. Moreover, it would be wrong to do that. I know not a single country worldwide where the central banks would warn about license revocation. It is not ruled out that in case a bank is warned, a mala fide owner or managers could divert assets, making settlements with closest clients, so a rank and file depositor will finally receive much less money".
And so, in December 2013 Central Bank of Russia revoked licenses of three commercial banks, Investbank, Smolensky Bank and the Bank of Project Finance. State-run Agency for deposits’ insurance paid money to clients.