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Swedish and Estonian watchdogs open joint Swedbank probe

8 hours ago DieselGasoil Comments Off on Swedish and Estonian watchdogs open joint Swedbank probe
STOCKHOLM (Reuters) – Sweden’s and Estonia’s financial watchdogs have opened a joint investigation following a media report linking Swedbank to a Baltic money laundering scandal involving Danske Bank, they said on Thursday. FILE PHOTO: Swedbank’s logo is pictured on its Lithuanian headquarters in Vilnius, Lithuania, in this May 10, 2014 file photo. REUTERS/Ints Kalnins/File Photo Read More

Swedish watchdog calls Swedbank money laundering report 'very serious'

12 hours ago DieselGasoil Comments Off on Swedish watchdog calls Swedbank money laundering report 'very serious'
STOCKHOLM (Reuters) – Sweden’s financial watchdog said allegations in a media report linking Swedbank to a Baltic money laundering scandal, involving Danske Bank were “very serious” as shares in the Swedish bank tumbled on Thursday. Danske is being investigated in five countries over some 200 billion euros ($226 billion) of suspicious payments from Russia, ex-Soviet Read More

Investor Browder to file criminal complaint against Swedbank

13 hours ago DieselGasoil Comments Off on Investor Browder to file criminal complaint against Swedbank
STOCKHOLM (Reuters) – Bill Browder, founder and CEO of investment fund Hermitage Capital Management, intends to file a criminal complaint against Swedbank with Swedish authorities over its involvement in alleged Baltic money laundering transactions, he said on Thursday. “It is my intention to file a criminal complaint against Swedbank,” Browder told Reuters, declining to specify Read More

Swedbank falls further on lingering money laundering worries

13 hours ago DieselGasoil Comments Off on Swedbank falls further on lingering money laundering worries
STOCKHOLM (Reuters) – Swedbank’s shares slid more than 7 percent on Thursday, adding to heavy losses from a day earlier when a report linked one of the biggest lenders in the Baltic countries to a regional money laundering scandal involving Danske Bank. FILE PHOTO: Swedbank’s logo is pictured on its Lithuanian headquarters in Vilnius, Lithuania, Read More

Danske Bank now under SEC microscope over money laundering

14 hours ago DieselGasoil Comments Off on Danske Bank now under SEC microscope over money laundering
FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo COPENHAGEN (Reuters) – The money laundering scandal at Danske Bank deepened on Thursday as the Danish lender said it had received an inquiry from the U.S. Securities and Exchange Commission (SEC). Danske is already under investigation in Read More

Snow, sleet threaten U.S. East Coast, hinder hundreds of flights

1 day ago DieselGasoil Comments Off on Snow, sleet threaten U.S. East Coast, hinder hundreds of flights
NEW YORK (Reuters) – A winter storm bore down on the U.S. East Coast on Wednesday, threatening to snarl New York City’s evening commute after hindering air travel along the East Coast and prompting the shutdown of federal offices in Washington. Snow turning to sleet slickened roadways in the New York metropolitan area by the Read More

Estonia investigates alleged Swedbank link to money laundering scandal

1 day ago DieselGasoil Comments Off on Estonia investigates alleged Swedbank link to money laundering scandal
STOCKHOLM (Reuters) – Estonia is investigating allegations linking Swedbank to suspicious transactions in the country involving Danske Bank, Estonia’s state prosecutor said on Wednesday. The Swedbank logo is pictured on its branch in Riga October 21, 2014. REUTERS/Ints Kalnins Danske is being investigated in its home market of Denmark, Estonia, Britain, France and the United Read More

Swedish TV says Swedbank linked to Baltic money laundering scandal

2 days ago DieselGasoil Comments Off on Swedish TV says Swedbank linked to Baltic money laundering scandal
The Swedbank logo is pictured on its branch in Riga October 21, 2014. REUTERS/Ints Kalnins STOCKHOLM (Reuters) – Swedish television (SVT) said on Wednesday it had uncovered documents linking Swedbank to a money laundering scandal involving Denmark’s Danske Bank. At least 40 billion Swedish crowns ($4.30 billion) had been transferred between accounts at Swedbank and Read More

Tokyo's drive to expel zombie stocks hits small caps

2 days ago DieselGasoil Comments Off on Tokyo's drive to expel zombie stocks hits small caps
TOKYO (Reuters) – The Tokyo Stock Exchange’s push to weed out small and weak firms from its main board could take years, but some fund managers are already ditching small-caps for fear they could be excluded from benchmarks. FILE PHOTO: Attendees take pictures of a stock quotation board after a ceremony marking the end of Read More

British start-up breeds high performance bugs for animal feed

2 days ago DieselGasoil Comments Off on British start-up breeds high performance bugs for animal feed
LONDON (Reuters) – After centuries of selective breeding of animals and plants to maximize yields in agriculture, bugs are getting the same treatment, as demand for insect protein grows. British start-up Beta Bugs is breeding high performance strains of black soldier fly for the insect feed sector, and is selecting traits like growth rate, protein Read More