Rumours start run on Latvian bank

Latvia’s largest bank is desperately trying to head off a run among customers unsettled by rumours of its imminent ruin.

Rumours start run on Latvian bank
Mon, 12 Dec, 2011 - 13:22

Latvia’s largest bank is desperately trying to head off a run among customers unsettled by rumours of its imminent ruin.

Weekend tales that Swedbank was facing legal and liquidity problems in Estonia and Sweden sent thousands of Latvians to bank machines on Sunday, with some queues reaching as many as 50 people.

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