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.
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.
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.
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.
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.
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
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.