Guidance

What to Watch for as Two Banking Scandals Unfold in Latvia

Feb 26, 2018 | 23:02 GMT
Ilmars Rimsevics has denied wrongdoing after being accused of bribery by the Russian owner of a Latvian bank.

Latvian central banking chief Ilmars Rimsevics has said accusations that he accepted bribes are untrue.

(MARKKU ULANDER/AFP/Getty Images)

Two separate scandals have shed light on the controversial state of the Baltic country's banks, which have been the subject of concern over their financial well-being and over indications of corruption within the sector. As they unfold, it will be important to watch how the scandals play into the bigger picture of Latvia's strategic role in the standoff between Russia and the West....

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