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News and events in Riga

Today 05:40Latvia's ABLV declared failing, to be wound up: SRB    ( Reuters )
Latvia's ABLV declared failing, to be wound up: SRB ... FRANKFURT (Reuters) - Latvian lender ABLV Bank is failing or likely to fail and will be wound up by local authorities, the European Union's Single Resolution ... FILE PHOTO: A logo of the ABLV Bank is pictured in Riga, Latvia February 18, 2018.
Yesterday 06:55Bloomberg's Week in Pictures    ( Bloomberg )
This week, U.S. President Donald Trump holds a listening session on gun violence with high school students, teachers and parents in the State Dining Room of the White House in Washington. We go to Riga for an interview with embattled Bank of Latvia Governor Ilmars Rimsevics, who, in the face of ...
Yesterday 01:10Latvia's ABLV says it can survive as smaller bank, should not be shut    ( Reuters )
RIGA (Reuters) - Latvia's third-largest bank ABLV could have a future, albeit as a far smaller business, one of the group's top executives told Reuters, appealing for the bank not to be wound down. “We believe that the bank has a future, on the basis of a substantially reduced business,” Vadims Reinfelds, ...
02/22/2018 18:15Announcement of Resignation as Member of the Board    ( GlobeNewswire (press release) )
Riga, Latvia, 2018-02-22 11:10 CET (GLOBE NEWSWIRE) -- ABLV Bank, AS has received Aleksandrs PāŞe's statement of resignation as member of the Board of ABLV Bank, AS. In his statement of resignation, Aleksandrs PāŞe says: “My decision is based on the statement of the Financial Crimes ...
02/22/2018 02:30Five things you need to know on Wednesday    ( Moneyweb.co.za )
The banking crisis engulfing the tiny nation of Latvia risks turning into a diplomatic incident as Riga points the finger at Moscow. An “externally organised widespread information operation” might be trying to erode public trust in the state before Latvia's elections in October, the country's Defense Ministry ...
02/21/2018 20:20Five Things You Need to Know to Start Your Day    ( Bloomberg )
The banking crisis engulfing the tiny nation of Latvia risks turning into a diplomatic incident as Riga points the finger at Moscow. An “externally organized widespread information operation” might be trying to erode public trust in the state before Latvia's elections in October, the country's Defense Ministry ...
02/21/2018 13:20Four Latvian citizens held on suspicions of recruiting "slaves" for work in UK    ( Baltic Times )
RIGA - Five people, including four Latvian citizens, were detained on suspicions of recruiting the so-called “modern-day slaves” for work in the UK in a sweeping anti-trafficking operation in which Latvian and British police officers conducted simultaneous raids in Latvia and the UK on Tuesday. Simona ...
02/21/2018 10:20Latvian defence ministry says corruption claims may be disinformation campaign    (The Week UK)
Latvia jolted by US probe and arrest of central bank chief - The Week UK
02/21/2018 08:20India arrests 6 suspects in $1.8 billion bank fraud case    ( WPXI Pittsburgh )
RIGA, Latvia (AP) - The head of Latvia's central bank says he will not resign following an investigation into suspected bribery and an Associated ... The Latvian banking chief claimed that he had become the target of some commercial banks in Latvia and that he had received death threats, which he had ...
02/20/2018 01:20Deaths in Limerick - February 19, 2018    ( Limerick Leader )
The death has occurred of John (Johnny) O'Gorman, Kilmore, Granagh, peacefully in the loving care of all the staff at Beech Lodge Care Facility, Bruree. Husband of the late Mary. Deeply regretted by his sorrowing sister, Kitty Quinn (Malahide) sisters-in-law BrĂ­d and Mai, brother-in-law Michael, nieces, ...
02/19/2018 23:20Latvian central bank chief Rimsevics released from custody    (RT)
Top European banker arrested in money-laundering probe - RT
02/19/2018 20:20Latvia's ABLV Bank rejects claims of money-laundering, sanctions busting    ( Reuters UK )
RIGA (Reuters) - Latvia's ABLV Bank said on Monday it had never violated sanctions, rejecting an assertion by the US Treasury Department's Financial Crimes Enforcement Network (FCEN). FILE PHOTO - A logo of the ABLV Bank is pictured in Riga, Latvia February 18, 2018. REUTERS/Ints Kalnins.
02/19/2018 16:20Watch: 'I came to fulfil my duty in the name of the Maltese people' - Casa says following testimony    ( Malta Independent Online )
Nationalist MEP David Casa has testified before Inquiring Magistrate Aaron Bugeja this morning, after his request to present the court with a leaked FIAU report was accepted. Casa claims that the report, compiled by the Financial Investigation and Analysis Unit, contains damning evidence against ...
02/19/2018 13:20Latvian central bank governor detained as new crisis sweeps Riga's financial sector    ( bne IntelliNews )
The governor of Latvijas Banka, the central bank of Latvia, was detained by the Baltic state's anti corruption police on February 18. The detention sends a new shock wave across Latvia's financial system after the US proposed last week to ban one of the largest Latvian banks, ABLV Bank, from the US ...
02/19/2018 11:20Latvia's chief banker arrested by anti-corruption officials    (GkMen)
Anti-corruption officers arrest Latvian central bank governor - GkMen
02/19/2018 08:20Anti-corruption officers arrest Latvian central bank governor    ( The Business Times )
[RIGA] Anti-corruption authorities in Latvia have arrested the governor of the country's central bank, Ilmars Rimsevics, the government said Sunday, while assuring ... Latvian Prime Minister Maris Kucinskis confirmed the arrest but insisted there was "no sign of danger for the Latvian financial system".
02/19/2018 03:20Deaths in Limerick - February 18, 2018    ( Limerick Leader )
Clare, Riga, Latvia and Formerly of Bulgaden, Kilmallock, Co. Limerick. After a brief illness in St. Vincent's Private Hospital. Deeply regretted and lovingly missed by her husband Michael and son Cormac, sister Helen, brothers Liam and Michael, brothers-in-law Pat and Seamus, sisters-in-law Agnes and ...
02/18/2018 14:50Berlin: How to Get the Most Out of Shooting in Eastern Europe    ( Hollywood Reporter )
A co-production with the Netherlands that benefited from Czech film fund development, the $1 million film shot on location in and around Riga, Latvia. Inspired by Christian cult Twelve Tribes, which advocates beating children with canes to maintain discipline, the film revolves around a young Czech ...
02/17/2018 16:25Information for ABLV Bank bondholders    ( MENAFN.COM )
(MENAFN Editorial) Riga, Latvia, 2018-02-16 12:50 CET (GLOBE NEWSWIRE) -- The Proposal by the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury, does not affect ABLV Bank bondholders since the securities (including ABLV Bank bonds) owned by our clients ...
02/16/2018 16:20Information for ABLV Bank bondholders    ( GlobeNewswire (press release) )
Riga, Latvia, 2018-02-16 12:50 CET (GLOBE NEWSWIRE) -- The Proposal by the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury, does not affect ABLV Bank bondholders since the securities (including ABLV Bank bonds) owned by our clients are being kept ...

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