Regulators escalate standoff with scandalous Latvian bank

EPA/VALDA KALNINA

Latvia's Central Bank building in Riga, Latvia

But, is this the tip of the iceberg?


Latvia's 12th largest bank, Trasta Komercbanka, could be heading towards a bail-in. The Baltic state's financial regulator is  the bank’s management with failure to address allegations of money-laundering.

Latvia's Financial and Capital Market Commission (FCMC) restricted the activities of the joint stock company "TRASTA KOMERCBANKA", forbidding it from performing debit transactions in any currency, including through online banking, ATMs and by cash, with clients in the amount that exceeds 10...


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