Posted inCentral Europe & Baltics, Regions

Another Expensive Bank Failure

Slovakia’s state Deposit Security Fund must pay out billions of crowns to the clients of the failed Devin bankaby Barbora Tancerova BRATISLAVA, Slovakia–The recent collapse of Slovakia’s controversial Devin banka has left the government here in a bind. When the country’s central bank placed Devin under forced administration in late August amid a liquidity crisis, […]