Thursday, January 21, 2010

Parex Sold to Afghanistan

During a closed cabinet session, the Latvian government has approved a deal with Nomura International to assist in the sale of Parex Bank. Contract details will be made public in one week, but inside sources tell the Livonian Chronicle that Nomura has already brokered a deal to relocate the bank to Afghanistan. "By their standards," said a Nomura source on the condition of anonymity, "this is a highly exceptional bank." The source pointed out that while Parex may have been the victim of poor management and downright skullduggery, "it has never once been bombed by a B-52 Stratofortress."

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