Crisis

International Internet Magazine. Baltic States news & analytics Wednesday, 18.07.2018, 19:36

1 ..2 ..3 ..4 ..5 ..6 ..7 ..8 ..9 ..10 ..11 [>][>>>]
Latvia’s ABLV Bank submits draft voluntary liquidation plan to Financial and Capital Market Commission

Latvia’s ABLV Bank submits draft voluntary liquidation plan to Financial and Capital Market Commission

05.03.2018

Latvia’s ABLV Bank on Monday submitted a draft voluntary liquidation plan application to the Financial and Capital Market Commission (FCMC), the bank’s spokesman Janis Bunte reported.

Keyword tags: Banks, Crisis, Financial Services, Latvia



FinCEN representatives to visit Latvia this Wednesday

FinCEN representatives to visit Latvia this Wednesday

05.03.2018

Representatives of the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury are expected to arrive in Latvia this Wednesday, March 7, Finance Minister Dana Reizniece-Ozola (Greens/Farmers) told LETA.

Guaranteed deposits paid out to 512 ABLV Bank clients so far

Guaranteed deposits paid out to 512 ABLV Bank clients so far

05.03.2018

Guaranteed deposits have been paid out yesterday to a total of 512 clients of ABLV Bank since yesterday, totaling EUR 8.6 mln, Citadele Bank spokeswoman Ieva Praulina told LETA.


Moody: Government of Latvia Financial scandals raise questions over supervisory capacity and weigh on institutional strength

Moody: Government of Latvia Financial scandals raise questions over supervisory capacity and weigh on institutional strength

02.03.2018

Recent scandals in the financial sector are credit negative for Latvia (A3 stable) as they raise questions around the strength of the authorities' supervisory capacity as well as concerns around the effective enforcement of anti-money laundering (AML) measures, writes in Moody Investor Service comments sent for BC.

Payout of guaranteed deposits to ABLV Bank customers to be started on March 3

Payout of guaranteed deposits to ABLV Bank customers to be started on March 3

02.03.2018

Payout of guaranteed deposits to customers of ABLV Bank will be started on Saturday, March 2, the Latvian Finance and Capital Market Commission (FKTK) reported LETA.


28.02.2018

Forbes: Why The U.S. Treasury Killed A Latvian Bank

Latvia’s third largest lender, ABLV, is to be closed down. On February 24th, 2018, the European Central Bank announced that ABLV was “failing or likely to fail in accordance with the Single Resolution Mechanism Regulation.” It will be wound up under Latvian law, and its subsidiary ABLV Bank Luxembourg will be wound up under Luxembourg law.

27.02.2018

Potential liquidators of ABLV Bank will be told to do everything in their power to refute FinCEN allegations

The potential liquidators of ABLV Bank will be told to do everything in their power to refute allegations made by the Financial Crimes Enforcement Network (FinCEN) of the United States Department of Treasury, ABLV Bank CEO Ernests Bernis told LETA on Tuesday.

1 ..2 ..3 ..4 ..5 ..6 ..7 ..8 ..9 ..10 ..11 [>][>>>]

Search site