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Baltic International Bank loses EU court appeal over banking license withdrawal

( June 4, 2025, 10:11 GMT | Official Statement) -- MLex Summary: Baltic International Bank has lost its appeal at the EU's lower-tier General Court against a decision by the European Central Bank to withdraw its banking license. The lender asked for the withdrawal decision to be annulled. In today's ruling, "Baltic International Bank remains unable to demonstrate that the ECB made mistakes … to justify the withdrawal of its authorization," the court ruling said.Judgment attached. Case reference is T-551/23. ...

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