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.
All of Sweden’s biggest banks were either used or were attempted to be used in a major money laundering operation uncovered by a network of journalists in which at least $20 billion was moved from Russia to international accounts between 2010 and 2014.
Four Swedish companies have made the cut in a ranking of the world’s most sustainable businesses, with the country punching above its weight relative to the number of Swedish companies which were eligible for the study.
Sweden's economy grew by 0.6 percent in the first quarter from the previous three-month period, Statistics Sweden (Statistiska centralbyrån - SCB) said on Wednesday as it released fresh data that beat expectations.
Following better-than-expected results from several Swedish banks, leading politicians had mixed reactions about the enormous pay-outs awaiting shareholders.
Calls are mounting in Sweden for a review of the country's interbank lending system following revelations about alleged manipulation of the London interbank offered rate (Libor).
The Libor scandal in London may have caused economic damages for Swedish tax-funded businesses, and ought to be looked into, said the Social Democrats’ tax investigator Leif Pagrotsky.
Sweden has one of the most overvalued housing markets in the world, according to a new report, while new figures indicate that the long climb in prices may be grinding to a halt.
Swedish bank SEB advised an 87-year-old customer to invest her savings 'long term' and has now been found to be at fault by the consumer complaints board.
Sweden’s Finance Minister Anders Borg wants to put the squeeze on Swedish banks, where profits have swelled, shareholder dividends ballooned, and interest margins on mortgages doubled.
The Swedish economy hasn't yet been dragged down by eurozone debt problems, and while growth is strong and exports are up, Sweden might still face a few economic bumps on the road ahead, the AFPs <b>Marc Preel</b> reports.
Around 20 well-to-do customers at Swedish bank SEB have been swindled out of more than 50 million kronor ($7.5 million) with at least one employee thought to be involved in the scam.
Around half of Swedish households expect house prices to continue to rise with only a fifth expecting a fall, according to a new survey published on Monday.
Exports, domestic demand and strong public finances all indicate that Sweden's economy is in good shape, the country's financial management authority and the banks, said on Tuesday.
Sweden's SEB bank on Tuesday posted higher-than-expected second quarter profits and said it had "turned the page" in the Baltic countries, where it had been heavily exposed to the financial crisis.
Swedish bank SEB announced on Monday that it has signed a €555 million euros ($698 million) agreement to sell its German retail banking business to Spanish bank Santander.
The Stockholm stock exchange followed markets across Europe and Asia downwards on Tuesday morning after a day of significant gains on Monday and indicating that the recent turbulence remains.
The Stockholm stock exchange joined European markets in rebounding strongly on Monday on news of the €750 billion ($1 trillion) package to ease debt pressure on troubled euro area countries.
Swedish bank SEB exceeded market expectations on Wednesday as it posted a first quarter operating profit of 1.075 billion kronor ($147 million), more than double the figure forecast by analysts.
