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Olduvai III: Catacylsm
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Lativa Banking Crisis Unfolding on Schedule – Will There Be a European Contagion?

Lativa Banking Crisis Unfolding on Schedule – Will There Be a European Contagion?   The Latvian Financial Supervisory Authority is concerned announcing a resolution plan for the crisis bank ABLV that is threatening a contagion risk of further closures of financial institutions in the country with a predominantly foreign customer base. There is a serious […]

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Bank Run Feared After ECB Unexpectedly Pulls Plug On Latvia Largest Private Bank

Bank Run Feared After ECB Unexpectedly Pulls Plug On Latvia Largest Private Bank Last week we reported that as part of a rapidly deteriorating banking crisis in Latvia, which culminated with the detention of central bank head Ilmars Rimsevics on suspicion of accepting a bribe of more than €100,000 (which prompted both the prime minister […]

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Latvia Bank Crisis: Central Bank In Chaos As ECB Blocks Payments By Third Largest Bank

Latvia Bank Crisis: Central Bank In Chaos As ECB Blocks Payments By Third Largest Bank One day after we reported that the central bank governor and ECB Governing Council member Ilmars Rimsevics was detained by Latvia’s anti-corruption authority on Saturday on suspicion of accepting a bribe of more than €100,000, prompting both Latvia’s Prime Minister […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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