Bribery allegations, a eurozone central bank governor arrested and a leading bank accused of laundering tens of billions of dollars. For the past 12 days, life in Latvia, the small but strategically important ex-Soviet republic by the Baltic Sea, has felt ...


RIGA, Latvia—Latvian regulators sought to reassure the public about the solidity of the country’s banking system, as authorities weighed emergency assistance for a Latvian bank facing U.S. sanctions for allegedly helping North Korea. Latvia’s chief ...


Earlier this week, Latvia's defense ministry said the corruption allegations that led to the detention of the country's central bank governor could be part of a "massive information operation" from an outside source. The scandals engulfing Latvia's banking ...


BRUSSELS (Reuters) - Latvia plans to halve the share of bank deposits held by non-residents after the United States accused one of its biggest banks of laundering money on a large scale, Prime Minister Maris Kucinskis said on Friday. However, tighter ...


RIGA (Reuters) - Latvia is ready to mitigate any ripple effects from ABLV Bank's difficulties but would not save the lender if it failed, the country's finance minister told Reuters on Friday, adding that she did not presently see any sign of broader ...


If the world economy were a Bond movie, Latvia’s offshore banking economy would be its Bond villain. Presently, this plucky state of 1.8 million people on Russia’s border is leading the world’s financial press with two major scandals. First, there is ...


The 2018 Olympic figure skating events are in full swing, and while fans have already seen stellar performances (and a whole lot of Moulin Rouge routines), Latvian figure skater Diana Nikitina had a less conventional approach to the competition. The 17 ...


RIGA, Latvia (AP) — The European Central Bank said Thursday it doesn't have the power to investigate money laundering in individual nations, a thinly veiled hint that it is up to member state Latvia to clear up its ongoing corruption scandal. The ECB ...


LONDON — Latvia's top banking official, a key member of the European Central Bank, has been accused by local bank Norvik of seeking kickbacks, trying to launder Russian money and retaliating against the bank when it refused to play by the "rules of the game.


(Repeats without changes) By John O'Donnell and Gederts Gelzis RIGA, Feb 21 (Reuters) - Latvia's central bank chief has been suspended pending an investigation into bribery allegations, and the Baltic country's third biggest bank has sought emergency ...


(Repeats without changes) By John O'Donnell and Gederts Gelzis RIGA, Feb 21 (Reuters) - Latvia's central bank chief has been suspended pending an investigation into bribery allegations, and the Baltic country's third biggest bank has sought emergency @@@

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