UPDATE 3-ECB pulls the plug on Latvia’s failing ABLV Bank
23 Feb UPDATE 3-ECB pulls the plug on Latvia’s failing ABLV Bank
Posted at 16:50h
in
News
by KMFSLLP
FRANKFURT/RIGA, Feb 24 (Reuters) – Latvia’s 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 (ECB) said
separately on Saturday.
![](http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/WDXF-oAkDyA)
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