Former chief executive of Swedish bank Swedbank, Birgitte Bonnesen, went on trial in Stockholm on Tuesday to answer fraud and market manipulation charges, three years after a money laundering scandal implicating her bank erupted.
A technical problem at Sweden's Swedbank on Thursday night gave customers a nasty surprise, with their account balances inexplicably going negative, payments impossible, and Swish payments no longer working.
Swedish bank SEB has become the latest Nordic bank to be implicated in a massive money laundering scandal, following reports that its Baltic branches handled 45 million euros from companies linked to Russian money laundering.
US authorities are investigating Swedish banking giant Swedbank over transactions that may have violated American sanctions against Russia, according to new reports.
More than six months after Swedbank chief executive Michael Wolf was sacked over money laundering allegations, the high street bank has finally appointed a permanent replacement.
The chairman of Swedbank, the Swedish lender accused of money-laundering in Baltic countries, stepped down on Friday, the bank said a week after the board sacked its chief executive.
Swedbank chairperson Lars Idermark will leave his role with immediate effect, the bank said on Friday morning as it continues to deal with the fallout of allegations of money laundering and insider trading.
Sweden's financial crime authority will not open an investigation into Swedbank for suspected money laundering following a police report from American financier Bill Browder, but is investigating the bank for insider trading.
Explosive allegations that one of Sweden's major banks may have been used for money laundering for a decade have led to the sacking of its CEO and a plunge in share prices. Here's what we know about the Swedbank allegations so far.
Swedish banking giant Swedbank suspended trading of the company's shares on the Stockholm Stock Exchange and fired its CEO on Thursday, amid allegations of money laundering.
A police raid was taking place at the offices of Swedbank, one of the country's most major banks, the Swedish Economic Crime Authority (EBM) confirmed on Wednesday morning.
Swedish Prime Minister Stefan Löfven said on Saturday that his government will take a hard look at the nation’s financial sector in the wake of allegations that one of Sweden’s largest banks may have been used for money laundering of billions of kronor.
Sweden's finance watchdog has announced an investigation into Swedbank over allegations that the lender may have been used for money laundering of billions of kronor, on the same day that the bank launched its own external investigation into the claims.
Sacked Swedbank head Michael Wolf has hit back at his former employers, claiming that he himself reported the transactions he believes are the subject of a probe by Sweden’s Financial Supervisory Authority.
UPDATED: Swedbank has reported its former CEO Michael Wolf, who got fired on Tuesday, to the financial supervisory authority over suspicious transactions during his time at the helm.
Swedbank's website experienced major problems on Monday morning, with customers of one of the country's largest banks also reporting that they could not withdraw cash from ATMs. But issues were quickly resolved by the bank.
Following better-than-expected results from several Swedish banks, leading politicians had mixed reactions about the enormous pay-outs awaiting shareholders.
Swedish bank Nordea announced a nearly 70 percent rise in third-quarter profits on Wednesday mainly thanks to higher lending and a tighter control on costs, but nevertheless failed to meet analysts' expectations.
Swedes who earn a salary on par with the average municipal worker contribute the equivalent of 70 percent of their monthly salaries in taxes, a new study has found.
Over 90,000 people who studied in Sweden are now in debt to the Swedish Enforcement Authority (Kronofogdemyndigheten), owing over 1 billion kronor ($150 million)in total, yet experts maintain that student loans remain a helpful alternative.
