Latvian bank that accused central bank head to be wound up - ECB
Share:
FRANKFURT (Reuters) - The Latvian lender which accused the country's central bank head of corruption is failing and will be shut down, European banking authorities said on Thursday. PNB Banka, one of the smallest lenders under ECB supervision with just 550 million euros of assets, has seen "significant deterioration in its capital situation to the point that the bank's assets were less than its liabilities," the ECB said in a statement. The lender came into the spotlight when it accused Latvia's..