New Swedbank CEO, Hired from Folksam, Criticized for Ties to Scandal-Hit Bank August 29, 2019 By Veronica Ek, Hanna Hoikkala and Niklas Magnusson Sweden’s biggest shareholder group has criticized Swedbank AB’s choice of chief executive officer, arguing the board opted for an insider...
Fallout Grows from Swedbank’s Money Laundering Scandal as Chairman Quits April 5, 2019 By Niklas Magnusson A week after Swedbank AB fired its chief executive officer, the lender is parting ways with its chairman as a...
Update: Europe’s Dirty Money Could Total $1 Trillion, Says Anti-Corruption Investor Browder March 7, 2019 By Frances Schwartzkopff and Niklas Magnusson Bill Browder, the investor who’s made a career of chasing money launderers, says the cases he’s brought against banks so...
Swedbank Money Laundering Scandal Deepens with Possible Ukraine Connection February 27, 2019 By Niklas Magnusson, Hanna Hoikkala and Ott Ummelas Allegations of money laundering against Sweden’s oldest bank grew this week to draw in some of the former Soviet Union’s...
Danske Bank’s Money Laundering Scandal Damages Client Confidence January 15, 2019 By Frances Schwartzkopff and Niklas Magnusson Danske Bank A/S’s money-laundering scandal threatens to undermine its growth engine. The lender’s Nordic banking operation, which encompasses Norway, Sweden...
Sweden Wildfires Destroy More Than $100M Worth of Forested Land July 24, 2018 By Niklas Magnusson Swedish authorities said the risk of fires spreading across the country will hit “extreme” levels this week as emergency services...
Sweden Battles 50 Wildfires with Help of Firefighters Across Europe July 23, 2018 By Niklas Magnusson As wildfires raging through Sweden exhaust local emergency services, Europe is sending hundreds of people to help contain multiple blazes...
Sweden Prepares to Evacuate Thousands of People as Forest Fire Rages August 5, 2014 By Johan Carlstrom and Niklas Magnusson Swedish authorities are preparing to evacuate thousands of people as emergency services struggle to contain the biggest forest fire to...