Banks

International Internet Magazine. Baltic States news & analytics Sunday, 25.02.2018, 05:28

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ABLV Bank's fate will be decided by ECB

ABLV Bank's fate will be decided by ECB

24.02.2018

The fate of ABLV Bank will be decided by the decisions made by the European Central Bank, the chairman of the Financial and Capital Market Commission (FCMC) Peters Putnins said during a press conference today, cites LETA.

Keyword tags: Banks, EU – Baltic States, Financial Services, Latvia, Legislation



ECB: ABLV Bank will be liquidated in accordance with Latvian law

ECB: ABLV Bank will be liquidated in accordance with Latvian law

24.02.2018

On February 23, the European Central Bank (ECB) determined that ABLV Bank was failing or likely to fail in accordance with the Single Resolution Mechanism Regulation, reports LETA.

FCMC decision could mean the beginning of liquidation process of ABLV Bank

FCMC decision could mean the beginning of liquidation process of ABLV Bank

24.02.2018

ABLV Bank has received the decision from the Council of the Financial and Capital Market Commission (FCMC).


FCMC adopts decision on unavailability of deposits at ABLV Bank

FCMC adopts decision on unavailability of deposits at ABLV Bank

24.02.2018

The Board of the Financial and Capital Market Commission (hereinafter – the FCMC) during an extraordinary meeting overnight adopted a decision on the occurrence of unavailability of deposits at ABLV Bank the FCMC informed LETA.

S&P Global affirms Latvia's credit rating at A-

S&P Global affirms Latvia's credit rating at A-

23.02.2018

International ratings agency S&P Global has affirmed Latvia’s credit rating at A-, leaving also the outlook on the rating positive, LETA was told at the Treasury.


23.02.2018

Latvia's bank scandal highlights limits of Europe's banking supervision

A corruption scandal rocking Latvia underscores the limits of Europe's banking supervision and is likely to lead to reforms, experts said Thursday, informs AP/LETA.

23.02.2018

Latvian police starts probing money laundering allegations at ABLV Bank

The Latvian State Police has started a probe about possible money laundering schemes at ABLV Bank as suggested by a recent report of the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury.

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