NEWS
Russian bank acquires troubled Multibanka
RIGA - A little known Russian bank has acquired a majority stake in Latvia’s Multibanka, a small financial institution that encountered tremendous difficulties after falling under a U.S. probe into money laundering in 2005. SMP Bank, a young financial institution founded seven years ago, has taken a majority interest in Multibanka, according to the Latvian Financial and Capital Markets Commission. The deal was apparently under review for months, as the capital markets commission required add ...| The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet - please subscribe. |
E-mail this article 
Print this article
 MORE NEWS
|
 |
Estonia mulls state sell-off Swedish banks not worried about Baltic defaults Company briefs Polish to buy gov. oil Electric dreams Shopping bonanza hits town Taking Counsel: Duty of Good Faith and Fairness: On the Rise in Judicial Evaluation of Late Payment Penalties? Ignalina company under EU investigation Turning the tap off The Image Makers: Estonia 
CLASSIFIEDSAnnouncements [3]
Business [1]
Charity/Help [0]
Courses [1]
Education [0]
For sale/Wanted [0]
Legal notice [0]
Personal [2]
Pets [0]
Services [1]
Shopping [0]
REAL ESTATEHouses [0]
Offices [0]
Property [0]
JOBSLooking for job [1]
Wanted [0]
