Bloomberg In Sweden, finding a bank not embroiled in controversy is getting difficult these days. A number of clients who left Nordea Bank Abp after it opted to move to Helsinki from Stockholm ended up at Swedbank AB. Now, they’re questioning whether that was a good choice given allegations of money laundering against their new lender. Customers to have left ...

Bloomberg Indonesia’s state-run PT Bank Mandiri is exploring a takeover of PT Bank Permata, the rival lender backed by Standard Chartered Plc, people with knowledge of matter said. Mandiri is working with Morgan Stanley on the potential deal, according to the people, who asked not to be identified because the information is private. It is considering buying control of Permata ...

Bloomberg Philippines President Rodrigo Duterte surprised central bank watchers by naming his budget secretary as governor of the monetary authority. The peso slumped the most in more than five years. Benjamin Diokno, 70, will succeed Nestor Espenilla, who died in February after a battle with cancer. The new Bangko Sentral ng Pilipinas governor will serve the remainder of his predecessor’s ...