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Thursday, 19.04.2018, 20:00

Saeima approves in principle bill limiting high-risk customers' operations in the financial sector
19.04.2018Saeima today passed in the first reading a bill limiting financial operations by high-risk customers in the Latvian finance sector, informs LETA.
Keyword tags: Banks, Financial Services, Latvia, Legislation

New Hanza office center in Riga now scheduled for completion by 2021
18.04.2018The planned construction of an office center in the New Hanza quarter in Riga will be delayed by about a year and will be completed by 2012, Edgars Miluns, a board member of the project’s developer Pillar Management, said during the discussion Latvia-Riga-Skanste 2024 today, reports LETA.

Former CIA deputy director represents ABLV Bank in its dispute with FinCEN
18.04.2018David Cohen, former deputy director of the U.S. Central Intelligence Agency and supervisor of the Financial Crimes Enforcement Network (FinCEN), now a partner at the international law firm WilmerHale, is representing Latvian commercial bank ABLV Bank in its dispute with FinCEN, the bank informed LETA.

Rietumu Banka registers changes in its Board
17.04.2018Latvia's Rietumu Banka has made changes in the bank's Board, writes LETA, according to Firmas.lv business information website.

ABLV Bank to fire 250 employees in April
16.04.2018Latvia’s ABLV Bank whose shareholders made a decision on voluntary liquidation, will fire 250 employees in April, said ABLV group’s spokesman Arturs Eglitis, reports LETA.
Snoras' ex-owner Antonov detained in St. Petersburg
Vladimir Antonov, the former majority shareholder of Lithuania's bankrupt bank Snoras, was detained by Russian law-enforcement in St. Petersburg on Wednesday, the Russian TV channel RBK reported, cites LETA/BNS.
Baltic International Bank ends cooperation with more than 1,200 customers in 2016, 2017
Latvia's Baltic International Bank ended cooperation with more than 1,200 customers in total during 2016 and 2017, the deputy chairman of the bank's Management Board, Viktors Bolbats, told LETA.