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ABLV seeks compensation from ECB, SRB over its 2018 collapse

( April 17, 2023, 12:56 GMT | Official Statement) -- MLex Summary: Defunct Latvian lender ABLV has brought a new case against the European Central Bank and EU bank wind-up authority the Single Resolution Board at the EU General Court, requesting 414 million euros ($454 million) in compensation over its collapse. The SRB chose not to adopt a resolution scheme for ABLV, which collapsed in 2018 after being accused of money laundering. The case was brought on Feb. 12, and published in the EU's Official Journal today.Document attached. ...

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