Bloomberg An investigation paid for by Swedbank AB into allegations of financial crime found that client transactions totaling 36.7 billion euros ($40 billion) represented a “high risk” of money laundering. “It’s obvious that there have been cultures in the bank that are not acceptable,” Swedbank CEO Jens Henriksson said in a statement on Monday. A review has been launched to …

Bloomberg Bank of France Governor Francois Villeroy de Galhau said Europe’s rescue fund should be activated to lend to states struggling with the coronavirus outbreak, a move that could pave the way for further sovereign bond purchases by the European Central Bank. Villeroy’s call comes as euro-area officials consider a plan that would see the European Stability Mechanism set up …

Bloomberg The Bank of Thailand is seeking to backstop market stability after a jump in bond yields stoked concerns that stresses are building up. The monetary authority pledged to ensure sufficient liquidity for markets to function well as it unveiled an emergency interest-rate cut to counter the economic shock of the coronavirus outbreak. Governor Veerathai Santiprabhob and other key guardians …