FRANKFURT, May 8 (Reuters) - The European Central Bank has fined Spain’s Banco Sabadell 1.6 million euros ($1.90 million) for buying back some of its capital without the ECB’s permission, the ECB said on Tuesday.
Latvian bank ABLV sues the European Central Bank in the Court of Justice of the European Union, saying the ECB triggered ABLV's collapse. The bank failed following allegations by the United States that ABLV was laundering money on behalf of North Korea.