Ft News

US officials have accused Latvia’s third-largest bank of laundering money that helped fund North Korea’s missile programme. To make matters worse, the country’s central bank governor is the subject of a bribery probe. Elaine Moore discusses what’s behind the banking crisis in the Baltic state and why the European Central Bank failed to spot the problem with Claire Jones, Martin Sandbu and Neil Buckley.  See acast.com/privacy for privacy and opt-out information.