https://feeds.thelocal.com/ Read the latest news and views from Sweden in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed 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. https://www.thelocal.se/20221004/former-swedish-bank-chief-goes-on-trial-for-fraud Tue, 04 Oct 2022 18:58:23 +0200 former-swedish-bank-chief-goes-on-trial-for-fraud 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. https://www.thelocal.se/20220429/swedish-bank-it-fault-puts-customer-accounts-in-the-red Fri, 29 Apr 2022 12:54:55 +0200 swedish-bank-it-fault-puts-customer-accounts-in-the-red Swedish financial watchdog slapped a four billion kronor fine ($385 million) on banking giant Swedbank for failing to properly fight money laundering. https://www.thelocal.se/20200319/swedbank-fined-four-billion-swedish-kronor-over-baltic-money-laundering-scandal Thu, 19 Mar 2020 20:23:32 +0100 swedbank-fined-four-billion-swedish-kronor-over-baltic-money-laundering-scandal 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. https://www.thelocal.se/20191127/swedish-bank-seb-international-money-laundering-scandal Wed, 27 Nov 2019 18:39:26 +0100 swedish-bank-seb-international-money-laundering-scandal US authorities are investigating Swedish banking giant Swedbank over transactions that may have violated American sanctions against Russia, according to new reports. https://www.thelocal.se/20191121/swedbank-accused-of-violating-us-sanctions-against-russia Thu, 21 Nov 2019 08:36:19 +0100 swedbank-accused-of-violating-us-sanctions-against-russia 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. https://www.thelocal.se/20190829/former-imf-official-made-swedbank-ceo Thu, 29 Aug 2019 11:18:41 +0200 former-imf-official-made-swedbank-ceo 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. https://www.thelocal.se/20190405/swedbank-money-laundering-scandal-intensifies-as-chairman-steps-down Fri, 05 Apr 2019 13:23:56 +0200 swedbank-money-laundering-scandal-intensifies-as-chairman-steps-down 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. https://www.thelocal.se/20190405/swedbank-chairman-leaves-post-after-ousting-of-ceo Fri, 05 Apr 2019 09:49:39 +0200 swedbank-chairman-leaves-post-after-ousting-of-ceo 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. https://www.thelocal.se/20190402/swedbank-finance-crime-authority-to-investigate-insider-trading-but-not-money-laundering Tue, 02 Apr 2019 10:16:29 +0200 swedbank-finance-crime-authority-to-investigate-insider-trading-but-not-money-laundering 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. https://www.thelocal.se/20190328/heres-what-we-know-about-the-money-laundering-scandal-at-swedbank Thu, 28 Mar 2019 10:24:57 +0100 heres-what-we-know-about-the-money-laundering-scandal-at-swedbank 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. https://www.thelocal.se/20190328/swedbank-halts-trading-and-fires-ceo-on-dramatic-morning Thu, 28 Mar 2019 15:38:50 +0100 swedbank-halts-trading-and-fires-ceo-on-dramatic-morning 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. https://www.thelocal.se/20190327/police-raid-swedbanks-offices Wed, 27 Mar 2019 12:49:17 +0100 police-raid-swedbanks-offices 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. https://www.thelocal.se/20190223/swedish-pm-vows-sector-wide-scrutiny-after-money-laundering-allegations Sat, 23 Feb 2019 14:28:57 +0100 swedish-pm-vows-sector-wide-scrutiny-after-money-laundering-allegations 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. https://www.thelocal.se/20190221/swedish-watchdog-launches-probe-into-swedbank-after-money-laundering-allegations Thu, 21 Feb 2019 17:35:21 +0100 swedish-watchdog-launches-probe-into-swedbank-after-money-laundering-allegations One of Sweden's major banks is thought to have been used for the laundering of millions of kronor over a period of several years. https://www.thelocal.se/20190220/billions-of-kronor-may-have-been-laundered-through-major-swedish-bank Wed, 20 Feb 2019 09:42:38 +0100 billions-of-kronor-may-have-been-laundered-through-major-swedish-bank UPDATED: Michael Wolf, who was sacked from one of Sweden's biggest banks following corruption claims, has been cleared of insider trading. https://www.thelocal.se/20160420/shamed-swedbank-boss-cleared-of-insider-trading Wed, 20 Apr 2016 10:54:44 +0200 shamed-swedbank-boss-cleared-of-insider-trading 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. https://www.thelocal.se/20160213/i-am-the-whistleblower Sat, 13 Feb 2016 15:40:49 +0100 i-am-the-whistleblower 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. https://www.thelocal.se/20160212/sacked-swedish-bank-boss-reported-to-finance-watchdog Fri, 12 Feb 2016 16:43:34 +0100 sacked-swedish-bank-boss-reported-to-finance-watchdog UPDATED: Michael Wolf, the President and CEO of the biggest bank in Sweden and the Baltics has made a swift exit. https://www.thelocal.se/20160209/boss-of-swedens-biggest-bank-gets-fired Tue, 09 Feb 2016 08:37:44 +0100 boss-of-swedens-biggest-bank-gets-fired 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. https://www.thelocal.se/20150316/web-and-atm-issues-for-swedbank-customers Mon, 16 Mar 2015 11:33:00 +0100 web-and-atm-issues-for-swedbank-customers