ANOTHER BANK FAILS IN LATVIA.
Publication: Monitor Volume: 1 Issue: 49
The Latvian Commercial Courtdeclared the country’s Aleja Commercial Bank insolvent, BNS reportedJuly 10. The bank will be closed for three months, after whichcreditors may make claims against it. The Court said that theAleja Bank had violated a number of banking regulations and hadfailed to disclose all its obligations.
Vilnius Abolishes Securities Protection Service.
