Dermot Desmond first acquired a stake in Rietumu Banka in Latvia in 2005. Photograph; Dara Mac Dónaill

Dermot Desmond-backed Rietumu Banka in Latvia saw its pre-tax profit drop 14 per cent last year to €35.2 million as it terminated relationships with t(...)

Dermot Desmond owns a 33% stake in Rietumu Banka. Photograph:  Dara Mac Dónaill

External auditors of the Dermot Desmond-backed Rietumu Banka in Latvia have highlighted that “material uncertainty” following a regulatory clampdown o(...)