• Sweden edition

Carnegie

The following articles have been tagged with "Carnegie":

Brooklyn to run new Swedish 'Beer El Dorado'

Business & Money: 4 Jan 13
US-based Brooklyn Brewery will help set up a microbrewery in an upscale Stockholm neighbourhood, in a business drive with Swedish brewers Carlsberg and Carnegie. READ »

Swedish real estate tycoon found dead

National: 23 Sep 12
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. READ »

HQ scandal splits Swedish business duo

Business & Money: 16 Nov 11
Sven Hagströmer and long-term business partner Mats Qviberg have announced that their holding firm Öresund is to be divided in the wake of a scandal involving the now defunct HQ bank. READ »

HQ to seek damages from ex-management

Business & Money: 28 Feb 11
Swedish investment bank HQ said on Monday it plans to sue former board members and top executives thought to have played a role in the bank's liquidation last year. READ »

Top Swedish execs hire bodyguards over threats

National: 14 Jan 11
An increasing number of Sweden's top business executives are hiring bodyguards as the threat and risk of robbery and extortion grows in the country. READ »

Carnegie trio cleared of price fixing

Business & Money: 15 Dec 10
Three former traders at investment bank Carnegie have been acquitted by Stockholm District Court on charges of illegal price manipulation. READ »

Three share Nobel Prize in economics

Business & Money: 11 Oct 10
Three researchers were awarded the the 2010 Nobel Prize in Economics "for their analysis of markets with search frictions", work which is often applied to the study of labour markets. READ »

Central Gothenburg 'castle' put up for sale

Business & Money: 30 Sep 10
A late-19th century castle with more than 3,000 square metres of living space located just a stone’s throw from central Gothenburg, is now on the market. READ »

Tearful HQ chair admits knowing of irregularities

Business & Money: 28 Sep 10
Fighting back tears, outgoing HQ Chairman Mats Qviberg admitted on Tuesday that he was briefed daily on the trading operations of the now-defunct HQ Bank. READ »

HQ board cleared over bank's collapse: audit

Business & Money: 24 Sep 10
The board of embattled Swedish financial concern HQ, helmed by CEO Mats Qviberg, was cleared on Friday of all liability regarding the company's collapse following an audit. READ »

Ex-HQ Bank manager reported to police

Business & Money: 15 Sep 10
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. READ »

No run on deposits as HQ Bank reopens

Business & Money: 6 Sep 10
Fears of widespread withdrawals at HQ Bank proved unfounded when it reopened its doors on Monday morning. READ »

HQ Bank under investigation for fraud

Business & Money: 3 Sep 10
The Swedish Economic Crime Authority is launching an investigation into suspected fraud and accounting crimes at HQ Bank. READ »

Carnegie takes over HQ Bank

Business & Money: 3 Sep 10
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. READ »

HQ Bank announces involuntary liquidation

Business & Money: 30 Aug 10
Swedish investment bank HQ has failed to find a solution to enable it to continue trading and the process of involuntary liquidation has been set in motion, the bank has confirmed in a statement. READ »

Brits highlight Gothenburg links

National: 15 Jun 10
There’s rather a British feel in 'Little London' this week, as the UK celebrates its historic ties to Sweden's second city. READ »

Carnegie demands 8.4 billion kronor from state

Business & Money: 20 May 10
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. READ »

EU supports Carnegie takeover by government

Business & Money: 14 May 10
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. READ »

Stockholm pub voted 'Best in the World'

Society: 27 Apr 10
A Stockholm pub has been voted the "Best pub in the World" in the 2010 Best of British awards for establishments outside of the UK, organized by the Daily Telegraph and British Airways. READ »

Carnegie traders charged over price fixing

Business & Money: 16 Mar 10
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. READ »

Izzy Young: A folk man in Sweden defined by Dylan

Lifestyle: 15 Feb 10
Folk music impresario Izzy Young went from organizing Bob Dylan’s first concert to promoting small acts in Stockholm. Gabriel Stein charts the unusual journey of a man who dedicated his life to folk music. READ »

Sweden by Rail: Gothenburg

Travel: 15 May 09
Sponsored article: Having long been defined by its industrial and maritime history, Göteborg has since reinvented itself. The old ports and warehouses have been replaced by cafes, bars, and one of the liveliest cultural scenes in the region. READ »

Carnegie in agreement with real estate tycoon

Business & Money: 17 Mar 09
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. READ »

Carnegie sold by Sweden's debt office

Politics: 11 Feb 09
Sweden’s National Debt Office has agreed to sell the Carnegie investment bank for a total of 2.28 billion kronor ($276 million), the agency announced on Wednesday. READ »

Sweden to announce Carnegie buyer

Business & Money: 9 Feb 09
Sweden is reported to have found a buyer for Carnegie, the embattled investment bank that was nationalized towards the end of last year. READ »

Mogul's losses could cost Handelsbanken millions

Business & Money: 8 Jan 09
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). READ »

2008: The year in review

Lifestyle: 31 Dec 08
As 2008 draws to a close, The Local takes a look back at some of the stories that caught our attention over the last twelve months. READ »

EU approves Sweden's Carnegie package

Business & Money: 16 Dec 08
Sweden on Tuesday received approval from the European Commission to move forward with its planned bailout of the troubled Carnegie investment bank. READ »

Carnegie to be broken up for eventual sale

Business & Money: 21 Nov 08
Sweden's National Debt Office said on Friday it plans to sell Carnegie's investment banking arm and insurance broker Max Matthiessen as separate units. READ »

The Lowdown: Quality Swedish beer

Lifestyle: 17 Nov 08
Sweden is not a country renowned for its beers. But when Darren Packman has a nose around, he finds there's more to the country's brewers than meets the gut on a typical night out. READ »

Borg tops in Sweden power rankings

National: 14 Nov 08
Finance minister Anders Borg has surpassed prime minister Fredrik Reinfeldt as Sweden’s most influential powerbroker, according to a new ranking. READ »

State hopes to sell Carnegie 'in one piece'

Business & Money: 11 Nov 08
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. READ »

Swedish state takes over Carnegie

Business & Money: 10 Nov 08
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. READ »

Carnegie announces new share issue

Business & Money: 10 Nov 08
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. READ »

Borg rips Swedish banks over bonuses

Business & Money: 31 Oct 08
Sweden’s finance minister Anders Borg lashed out at the country’s major banks and financial institutions on Friday for their hesitation to participate in the government’s financial sector support programme. READ »

Banks must pay extra for loans from Swedish state

Business & Money: 30 Oct 08
Sweden's recently approved financial sector support package calls for institutions which borrow money from the state to pay a fee of 0.5 percent of the loans or more, according to details published on Wednesday. READ »

Parliament passes trillion kronor plan

Politics: 29 Oct 08
The Swedish parliament has passed a 1.5 trillion kronor ($194.1 billion) plan to aid the country's financial sector as it struggles to weather the global credit crisis. READ »

Swedish stock exchange bounces back

Business & Money: 29 Oct 08
The Stockholm stock exchange rebounded from a shaky start to the week with a 5 percent jump in early Tuesday trading. READ »

Carnegie granted multi-billion kronor loan

Business & Money: 28 Oct 08
Sweden's central bank has agreed to extend a five billion kronor loan ($609 million) to the troubled Carnegie investment bank. READ »

Swedish investment bank in freefall

Business & Money: 27 Oct 08
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. READ »

Trading off to shaky start

Business & Money: 27 Oct 08
The Stockholm stock exchange saw a turbulent opening to the new week on Monday with stocks down 5 percent after just 15 minutes of trading. READ »

Stock exchange down five percent

Business & Money: 24 Oct 08
The Stockholm stock exchange took a tumble in early trading on Friday, with the OMXS index dropping 5 percent by 9.15am. Shares in Volvo shed 19 percent of their value. READ »

Carnegie to reduce Stockholm operations

Business & Money: 1 Oct 08
Swedish investment bank Carnegie announced plans on Tuesday to trim staff and operations in hopes of achieving a 10 percent reduction in costs. READ »

Swedish markets drop as crisis fears mount

Business & Money: 29 Sep 08
The Stockholm stock exchange suffered a sharp slide on Monday, dragged down by steep share price drops for bank stocks, while the Riskbank took further measures to shore up liquidity. READ »

Carnegie employee cleared of insider trading charges

Business & Money: 4 Jan 08
The appeals court has doubts about whether inside information led to a man's 700,000 kronor windfall from the sale of Biacore stock. READ »

Carnegie man jailed for insider trading

Business & Money: 17 Oct 07
An employee of scandal-hit Swedish investment bank Carnegie has been jailed for six months for insider trading. Another man was jailed for involvement in the same illegal share deal. READ »

Authorities to investigate seven investment banks

Business & Money: 5 Oct 07
The Swedish Financial Supervisory Authority said it will investigate seven other Swedish financial services companies in the wake of the valuation scandal at Carnegie. READ »

Carnegie cuts ties with government

Politics: 3 Oct 07
Carnegie Investment Bank has announced that it will relinquish its position as financial advisor to the state. Secretary of State Urban Funered has also announced his resignation. READ »

Top government aide quits

Politics: 1 Oct 07
A top Swedish government advisor has quit her job over her links to crisis-hit investment bank Carnegie. But Karin Forseke pointed out that her running of the bank had not been criticized. READ »

Government under fire for Carnegie links

Politics: 30 Sep 07
The government's close relationship with people linked to investment bank Carnegie has come under fire from opposition politicians. The bank, which this week was fined 50 million kronor and forced to sack its CEO, has supplied two close aides to Finance Markets Minister Mats Odell. READ »

FI slams Carnegie

Business & Money: 28 Sep 07
Carnegie Investment Bank, one of Sweden's oldest and most respected investment banks, has been fined 50 million kronor by authorities and ordered to replace its CEO, chairman and many members of its board. READ »

Carnegie employee in insider trading probe

Business & Money: 13 Sep 07
An employee at Swedish investment bank Carnegie has been questioned by police and named as a suspect in an insider trading investigation. READ »

Panel to oversee sales of Swedish companies

Business & Money: 10 Sep 07
The Swedish government is to appoint a new committee to oversee the sale of shares in state-owned companies, Finance Markets Minister Mats Odell has announced. READ »

Carnegie staff allowed to keep bonuses

Business & Money: 23 Aug 07
An extraordinary general meeting of Swedish investment bank Carnegie has allowed staff to keep their bonuses for 2007, after objections by a number of shareholders were rejected. READ »

Two more insider trading suspects detained

Business & Money: 11 May 07
Stockholm District Court has ordered the detention of two further suspects in Sweden's ongoing insider trading scandal. Both were absent from Friday morning's detention proceedings. READ »

Swedish finance workers eye massive bonuses

National: 14 Jan 07
Times are good in the Swedish finance sector, thanks to a surging stock market and numerous major deals over the last twelve months. This spring, bonuses worth 2.5 billion kronor will be dished out. READ »

Women becoming rare in boardrooms

Business & Money: 27 Feb 06
The resignation of the managing director of investment firm Carnegie means that only five Swedish listed companies are led by women. READ »

Swedish rates cut to historic low

Business & Money: 21 Jun 05
Sweden's central bank has cut interest rates to 1.5 percent, in a bid to stimulate growth. The Riksbank's move comes after growth forecasts were cut. READ »

Baltic trade project begins

Smörgåsbord: 21 Jan 05
READ »

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    Blog Update: Brits Mean Business

    16 May 08:32

    Be British, be sincere and be bold »

    "Sweden is a veritable smorgåsbord for UK business. I see our work as a bit like a kind of dragon’s den for both for larger and smaller British companies. It is about matching the UK companies, not with cash, but with Swedish market opportunities." READ »

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