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Norway’s oil disposal drama descends into farce

I’ll confess, despite the best efforts of Netflix, my exposure to Norwegian comedy is very limited. That said, the finale to the one show I’ve vaguely followed – “What to Do With All Our Oil Stocks?” – has a pleasing subtlety to it; a knowing wink; the faintest tug of a leg-pull. Roughly 16 months ago, Norway’s central bank advised ...

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Danske watchdog may bypass courts as laundering fines soar

Bloomberg Denmark plans to let its financial watchdog impose fines without going via the courts, in order to speed up the process of punishing banks involved in money laundering. The decision, which still needs to be debated in the country’s parliament, is the latest step being pushed by Business Minister Rasmus Jarlov as he responds to a $230 billion dirty ...

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Swedish government wants bank tax that ‘really hits’ right targets

Bloomberg Sweden’s government wants to revisit the idea of imposing a tax on the financial industry. Finance Minister Magdalena Andersson says her goal is to have a levy that singles out banks with far more precision than previous proposals. “It should include only the financial sector,” she said in an interview in Stockholm. “We want one that has a more ...

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