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Monday, 10 November 2008

Baltic Bank Bust

News of a run on a major bank in Latvia:

Latvia takes over Parex after run on bank

Parex, Latvia’s second largest bank with 3.1bn lats ($5.6bn) in assets, was forced to seek protection from the state after clients panicked and it lost 60m lats in deposits at the end of last week.
Posted by BOSALAND at 14:44

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