Serbia's Alta Banka Collapses After $427M Internal Theft, State Payouts Begin

A Belgrade court placed Alta Banka into bankruptcy after three officials were arrested for an alleged $427 million internal theft, triggering state-backed deposit guarantees. The collapse of a bank tied to the outgoing regime raises questions about financial-sector stability and potential political fallout during a leadership transition. The scale of the theft and the bank's political connections suggest systemic governance failures, though the full extent of depositor losses remains uncertain.

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