Given the task definition and input, reply with output. Classify the given a piece of financial news into three classes: positive, negative, and neutral. Output must be 'positive', 'negative', or 'neutral'.

Nordic banks have already had to write off sizable loans in Latvia , with Swedbank , Nordea , DnB NOR and SEB reporting combined losses in excess of $ 1.35 billion in the period 2007 to 2010 against a backdrop of near economic meltdown in Latvia .
negative