Edition:
United Kingdom

Johan Ahlander

Some U.S. Fed officials are more worried by weak inflation

03 May 2019

STOCKHOLM/STANFORD, Calif. Two Federal Reserve policymakers on Friday said they were increasingly worried about weak inflation, an indication that some U.S. central bankers see a growing case for a future interest rate cut even as others push for continued patience.

Fed's Evans says lower rates may be needed if economy softens

03 May 2019

STOCKHOLM The Federal Reserve may need to cut interest rates if the U.S. economy softens, Chicago Fed President Charles Evans said on Friday in remarks that focused on his concern over persistently weak inflation.

Swedbank admits money laundering flaws, faces multiple U.S. probes

25 Apr 2019

STOCKHOLM Swedbank admitted to failings in combating money laundering on Thursday and said it was under investigation by multiple U.S. authorities, piling more pressure on the bank as it tries to rebuild its reputation.

Estonian watchdog says unacceptable clients remain in banking system

10 Apr 2019

TALLINN Unacceptable clients remain in the Estonian banking system despite tougher regulation, the country's financial watchdog said on Wednesday, adding that some lenders will be placed under detailed monitoring.

Nordic trust tarnished by money laundering scandal

03 Apr 2019

STOCKHOLM/FRANKFURT Money laundering allegations involving Sweden and Denmark have shattered faith in the open Nordic business culture, prompting demands for tighter controls on the banks held responsible.

Swedbank dumps CEO as money laundering claims spook investors

28 Mar 2019

STOCKHOLM Swedbank dismissed Birgitte Bonnesen as chief executive on Thursday only an hour before its annual meeting after disgruntled shareholders rounded on her handling of a rapidly-growing money laundering scandal. | Video

Swedish authorities widen Swedbank inquiry to include suspected fraud

27 Mar 2019

STOCKHOLM Sweden's Economic Crime Authority (EBM) widened its Swedbank investigation to include suspected fraud following a raid on Wednesday on the Swedish bank's headquarters in an inquiry into its handling of money laundering allegations.

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