ATB, part of Russia’s Alfa Bank, bankrupt

Amsterdam Trade Bank, a subsidiary of Russia’s Alfa Bank, has been declared bankrupt, the Dutch central bank says, citing an Amsterdam District Court Ruling. A statement on the Dutch central bank website said ATB depositors would be covered up to 100,000 euros ($A147,808) each under the Netherlands’ deposit guarantee system.  The bank had about 23,000 […]

This post was originally published on Michael West.