trending Market Intelligence /marketintelligence/en/news-insights/trending/q8H355T0-UHcFnWlhwnLuw2 content esgSubNav
In This List

Latvian regulator approves Danske's proposed sale of mortgage loans to Citadele

Blog

Insight Weekly: Private equity slows; SPAC underwriters retreat; carbon capture boost

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines


Latvian regulator approves Danske's proposed sale of mortgage loans to Citadele

Latvia's Financial and Capital Market Commission approved AS Citadele banka's proposed acquisition of the remaining mortgage loans of Danske Bank A/S' Latvian branch, Reuters reported.

The transaction will be finalized in February, the newswire wrote, citing a statement from Citadele banka.

The move comes amid the Danish lender's efforts to exit all Baltic states in the wake of a €200 billion money-laundering scandal centered around its Estonian branch.

Danske Bank recently offered 2,000 employees in Denmark a voluntary redundancy option.