Belfast Telegraph

Latvian bank attempts to stave off ruinous run

Latvia's largest bank is 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 sent thousands of Latvians to bank machines on Sunday. Latvians are sensitive to banking issues after Latvijas Krajbanka, the country's 10th largest bank, was nationalised after regulators discovered evidence of fraud.