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KM Financial Solutions | UPDATE 2-ECB pulls the plug on Latvia’s failing ABLV Bank
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UPDATE 2-ECB pulls the plug on Latvia’s failing ABLV Bank

23 Feb UPDATE 2-ECB pulls the plug on Latvia’s failing ABLV Bank

Posted at 01:34h in News by
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FRANKFURT/RIGA, Feb 24 (Reuters) – Latvian lender ABLV Bank
is failing or likely to fail and will be wound up as saving it
is not in the public interest, the European Union’s Single
Resolution Board and the European Central Bank said separately
on Saturday.

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