Geopolitics Alpha

North Macedonia Takes Control of Local Subsidiary of Scandal-Hit Serbian Alta Bank

Published . Updated .

North Macedonia Takes Control of Local Subsidiary of Scandal-Hit Serbian Alta Bank

The banking crisis surrounding Serbia's Alta Bank has spread to neighbouring North Macedonia, BGNES reported. The central bank in S

Directly affected

  • No company is named in this report.

Indirectly affected

  • EEM iShares MSCI Emerging Markets ETF-0.3% 30d

    iShares MSCI Emerging Markets ETF holds stocks listed in emerging markets, which this story is about (“serbian”).

  • CEW WisdomTree Emerging Currency Strategy Fund

    WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from emerging markets.

  • EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-2.1% 11d

    iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in emerging markets

  • EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d

    VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from emerging markets.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EEM+1.28%+4.10%baseafter closeafter closeafter closeafter close
CEWNo price data for this ticker———————
EMBNo price data for this ticker———————
EMLCNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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North Macedonia Takes Control of Local Subsidiary of Scandal-Hit Serbian Alta Bank BGNES

Source: BGNES

How far Select Sector Spdr Tr (XLF) has moved since 1 Nov 2026

CompanyWhenMoveStatus
Ishares Tr (EEM)three days earlier+4.10%final price
Ishares Tr (EEM)five days earlier+1.28%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Select Sector Spdr Tr (XLF)

Companies tied to this story

  • XLF Select Sector Spdr Tr

    Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “North Macedonia Takes Control of Local Subsidiary of Scandal-Hit Serbian Alta Bank.” Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story

  • KRE Spdr Series Trust

    For “North Macedonia Takes Control of Local Subsidiary of Scandal-Hit Serbian Alta Bank,” Spdr Series Trust (KRE) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Regional Banking ETF: it holds banks. Linked by “bank” (banks) in this story

  • EEM Ishares Tr

    In “North Macedonia Takes Control of Local Subsidiary of Scandal-Hit Serbian Alta Bank,” Ishares Tr (EEM) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Emerging Markets ETF holds stocks listed in emerging markets, which this story is about (“serbian”)

  • BAC Bank Of America

    Bank Of America (BAC) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “North Macedonia Takes Control of Local Subsidiary of Scandal-Hit Serbian Alta Bank.” Reason on file: Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story

  • JPM Jpmorgan Chase

    In “North Macedonia Takes Control of Local Subsidiary of Scandal-Hit Serbian Alta Bank,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story

  • WFC Wells Fargo

    Wells Fargo (WFC) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “North Macedonia Takes Control of Local Subsidiary of Scandal-Hit Serbian Alta Bank.” Reason on file: Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story

  • C Citigroup

    In “North Macedonia Takes Control of Local Subsidiary of Scandal-Hit Serbian Alta Bank,” Citigroup (C) is linked, with no stored direction, medium confidence. Reason on file: Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story

Select Sector Spdr Tr (XLF)

The 1 Nov 2026 story “North Macedonia Takes Control of Local Subsidiary of Scandal-Hit Serbian Alta Bank” names Select Sector Spdr Tr (XLF) because of this story.

The link for Select Sector Spdr Tr (XLF) is this: Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story

A second company, Spdr Series Trust (KRE), is listed for a different reason: SPDR S&P Regional Banking ETF: it holds banks. Linked by “bank” (banks) in this story

The price range for Select Sector Spdr Tr (XLF), and the dates in the story

EEM traded between 65.24 and 69.22 across 18 sessions. The latest close on file is 65.76. KRE traded between 67.80 and 71.93 across 20 sessions. The latest close on file is 70.61. XLF traded between 52.82 and 56.03 across 20 sessions. The latest close on file is 55.07.

A simple score for Select Sector Spdr Tr (XLF)

46 out of 100

“North Macedonia Takes Control of Local Subsidiary of Scandal-Hit Serbian Alta Bank” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.