Swedish financier Maths O Sundqvist, whose risky deals led to the 2008 demise of the Carnegie investment bank, was found dead near an all-terrain vehicle in northern Sweden on Sunday morning.
HQ Bank’s previous parent company, publicly listed HQ AB, has reported a former manager to the police for what it sees as partial responsibility for the bank’s collapse.
Investment bank Carnegie has signed a deal to take over crisis-hit sector colleague HQ Bank, with payment amounting to 268 million kronor ($36.8 million) to settle employee stock options and client obligations.
The former owners of Carnegie Investment Bank are suing the Swedish state for 8.4 billion kronor ($1.1 billion) over the enforced takeover of the bank during the financial crisis in 2008.
The Swedish National Debt Office's (Riksgälden) controversial takeover of investment bank Carnegie in 2008 has been given the green light by the European Commission.
Three former traders at Carnegie have been charged with illegal price manipulation carried out in the years before the Swedish investment bank's forced nationalization.
Swedish financier Maths O Sundqvist has reached an agreement with his main creditor, investment bank Carnegie, which will now assume control of his business empire.
Sweden’s National Debt Office (Riksgälden) has agreed to sell the Carnegie investment bank for a total of 2.28 billion kronor ($276 million), the agency announced on Wednesday.
The stock deals by finance and real estate tycoon Maths O. Sundqvist which brought down the Carnegie investment bank may also end up costing Handelsbanken close to one billion kronor ($127 million).
Sweden's National Debt Office (Riksgälden) said on Friday it plans to sell Carnegie's investment banking arm and insurance broker Max Matthiessen as separate units.
The new chair of recently nationalized Carnegie said on Tuesday he hopes the beleaguered Swedish investment bank can be sold in one piece, but that other alternatives are also under consideration.
Sweden’s Financial Supervisory Authority announced on Monday afternoon that it was revoking the licence of the embattled Carnegie investment bank and that the bank was to be taken over by the National Debt Office.
Beleaguered Swedish investment bank Carnegie announced on Monday it planned to issue 1.2 billion kronor ($153 million) in new shares to help keep the bank alive.
Shares in Sweden's Carnegie investment bank shed more than half their value on Monday following news that the bank was under investigation by financial authorities and had received an emergency loan from the Riksbank.
The Swedish Financial Supervisory Authority, Finansinspektionen (FI), said it will investigate seven other Swedish financial services companies in the wake of the valuation scandal at Carnegie, the newspaper Dagens Industri reported.
Carnegie Investment Bank announced on Tuesday evening that it was to relinquish its position as financial advisor to the state. On Wednesday morning Secretary of State Urban Funered also announced his resignation.
