Geopolitics Alpha

Serbia's Central Bank revokes bank license of businessman targeted by US sanctions

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Serbia's Central Bank revokes bank license of businessman targeted by US sanctions

The National Bank of Serbia (NBS) has announced that it has revoked the operating license of Alta Bank in Belgrade, while the Deposit Insurance Agency will be appointed as a bankruptcy administrator by court decision. The bank's owner, Davor Macura, is among four Serbian

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 (“serbia”).

  • 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.

  • CB Chubb+6.5% 30d

    Chubb (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurance” (insurers) in this story.

  • TRV The Travelers Companies+4.8% 30d

    The Travelers Companies (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurance” (insurers) in this story.

  • AIG American International Group+4.6% 30d

    American International Group (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurance” (insurers) in this story.

  • BRK-B Berkshire Hathaway

    Berkshire Hathaway (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurance” (insurers) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EEMNo price data for this ticker———————
CEWNo price data for this ticker———————
EMBNo price data for this ticker———————
EMLCNo price data for this ticker———————
CBNo price data for this ticker———————
TRVNo price data for this ticker———————
AIGNo price data for this ticker———————
BRK-BNo 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

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Serbia's Central Bank revokes bank license of businessman targeted by US sanctions Gazeta Express

Source: Gazeta Express

Trades by members of Congress and officials 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 Ishares Tr (EEM)

Companies carried with this story

  • EEM Ishares Tr

    For “Serbia's Central Bank revokes bank license of businessman targeted by US sanctions,” 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 (“serbia”)

  • CEW Wisdomtree Tr

    Wisdomtree Tr (CEW) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “Serbia's Central Bank revokes bank license of businessman targeted by US sanctions.” Reason on file: WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from emerging markets

  • EMB Ishares Tr

    For “Serbia's Central Bank revokes bank license of businessman targeted by US sanctions,” Ishares Tr (EMB) is linked, with no stored direction, medium confidence. Reason on file: 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

    In “Serbia's Central Bank revokes bank license of businessman targeted by US sanctions,” Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence. Reason on file: 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

Ishares Tr (EEM)

“Serbia's Central Bank revokes bank license of businessman targeted by US sanctions” (31 Oct 2026) reaches Ishares Tr (EEM) through this story.

For Ishares Tr (EEM), the reason on file says iShares MSCI Emerging Markets ETF holds stocks listed in emerging markets, which this story is about (“serbia”)

Also listed, Wisdomtree Tr (CEW): WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from emerging markets

Price levels for Ishares Tr (EEM)

EEM traded between 65.24 and 69.22 across 19 sessions. The latest close on file is 65.76. EMB traded between 90.23 and 93.67 across 8 sessions. The latest close on file is 91.26.

How strong the case is around Ishares Tr (EEM)

33 out of 100

“Serbia's Central Bank revokes bank license of businessman targeted by US sanctions” scores 33 out of 100. The score uses 1 sources, and 4 linked companies.