Who killed Latvias ABLV Bank? And the risks of Europes tough new stance on foreign subsidies
Like a good murder novel, the demise of ABLV Bank of Latvia has left us with a chalk silhouette on the sidewalk, but with little clarity about who committed the crime. Now, the demise of the bank in the wake of a money-laundering scandal has left out-of-pocket investors determined to crack open the European Union\u2019s byzantine financial-services oversight mechanism. Also on the podcast: the European Union\u2019s new discretionary powers to fight foreign subsidies. There\u2019s no name checking of China in the official documents, but the bloc\u2019s efforts appear squarely targeted in managing the behaviors of Beijing-backed enterprises.