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French banks call on Yellow Vests to spare local branches

Bloomberg French banks are urging Yellow Vests protesters to spare local branch offices as the nation braces for the 20th week of street demonstrations. “Hundreds of local agencies” were vandalised in the past four months and employees have been threatened, the heads of BNP Paribas SA, Credit Agricole SA, Groupe BPCE, Societe Generale, Credit Mutuel and Banque Postale wrote in ...

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Banks slash outlook for Swedish krona

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Bloomberg Everyone is lining up to attack Sweden’s currency, from investors to the country’s leaders. The krona’s four-year slump has led to soul-searching in the Scandinavian nation about whether the policies pursued in the wake of the financial crisis have backfired. Banks are slashing their outlook for the krona, a former prime minister has suggested dumping it for the euro ...

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Swedbank hires Nordia to represent it in ‘probe’

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Bloomberg Swedbank AB has hired the law firm Nordia as its external legal counsel to handle a criminal investigation into potential fraud, amid a growing money-laundering scandal that has engulfed the bank. Swedbank fired Chief Executive Officer Birgitte Bonnesen as laundering allegations against Sweden’s oldest bank and biggest mortgage lender pile up. The lender is being investigated by the financial ...

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