Geopolitics Alpha

Shock after Vučić's defeat/ The Central Bank of Serbia bankrupts Alta Bank, the bank of the former President's friend, Davor Macura

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Shock after Vučić's defeat/ The Central Bank of Serbia bankrupts Alta Bank, the bank of the former President's friend, Davor Macura

The National Bank of Serbia has revoked the operating license of ALTA Bank, the financial institution owned by businessman Davor Macura. The decision was made on October 31, after the supervisory authority determined a significant deterioration in the bank's financial condition

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.

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———————

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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Shock after Vučić's defeat/ The Central Bank of Serbia bankrupts Alta Bank, the bank of the former President's friend, Davor Macura Balkanweb.com

Source: Balkanweb.com

Who gains and who loses around Ishares Tr (EEM)

Companies mentioned with this story

  • EEM Ishares Tr

    For “Shock after Vučić's defeat/ The Central Bank of Serbia bankrupts Alta Bank, the bank of the former President's friend, Davor Macura,” 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

    In “Shock after Vučić's defeat/ The Central Bank of Serbia bankrupts Alta Bank, the bank of the former President's friend, Davor Macura,” Wisdomtree Tr (CEW) is linked, with no stored direction, medium confidence. Reason on file: WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from emerging markets

  • EMB Ishares Tr

    Ishares Tr (EMB) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “Shock after Vučić's defeat/ The Central Bank of Serbia bankrupts Alta Bank, the bank of the former President's friend, Davor Macura.” 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 “Shock after Vučić's defeat/ The Central Bank of Serbia bankrupts Alta Bank, the bank of the former President's friend, Davor Macura,” 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)

“Shock after Vučić's defeat/ The Central Bank of Serbia bankrupts Alta Bank, the bank of the former President's friend, Davor Macura” (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”)

A second company, Wisdomtree Tr (CEW), is listed for a different reason: WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from emerging markets

Dates in the story, and the Ishares Tr (EEM) price range

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

“Shock after Vučić's defeat/ The Central Bank of Serbia bankrupts Alta Bank, the bank of the former President's friend, Davor Macura” scores 33 out of 100. The score uses 1 sources, and 4 linked companies.