Posts tagged as Baltic Scandals

Defying Headwinds From Baltic Scandals, Estonian Bank Plans IPO

Wednesday, November 13, 2019

An Estonian lender is planning an initial public offering in what may offer a rare bright spot in the Baltic financial sector reeling from laundering scandals. Coop Pank AS, with a 2% share of the Estonian market, has reported a record surge in clients after Danske Bank A/S was ordered in February to leave the country. The controversy has also engulfed the local unit of Swedbank AB, Estonia’s largest lender,…