Bitter moment of truth for Estonian bankingLocal News
- Aivar Rehe: it sounds very illogicalLocal News
- Estonian banks used to launder vast sumsLocal NewsBanks in Estonia were used to move nearly $1.6 billion of criminal funds from Russia, international journalism project OCCRP, investigating organized crime and corruption, uncovered with help from Postimees and Russian paper Novaya Gazeta. The operation in question was named “Laundromat” or “Washing Machine”.
- LHV pension funds entering the big leagueEconomy
- Banks suffer initial setbacksEconomyFor quite some time, banks have been bemoaning the record-low interest rates. By now, these have begun to show. Yesterday, packaged with last year financial results, Danske Bank in Estonia announced closure of half its branches and lay-off of near 80 of staff – 17 percent of people on payroll. The bank’s profits fell by more than a half to €22.7m.
- Estonian banker: Peace has been achieved on interbank money marketEconomy