The world is wealthier now than it’s ever been — but only on paper. Much of this prosperity may prove illusory as a global shift towards less liquid investments undermines the basis of valuation. Private equity, infrastructure and private credit have become a bigger share of investment portfolios, making mark-to-market values increasingly uncertain. The standard method of valuing assets assumes ...

Bloomberg As Sweden gets to grips with the money laundering scandal battering its oldest bank, questions are being asked about the impartiality of those overseeing the case. Swedbank AB reportedly handled more than $10 billion in suspicious flows tied to the Danske Bank A/S Estonian laundering scandal. The case became public knowledge only this year, but according to Swedish media ...

Bloomberg Euro-area banks will know by June how generous the terms of the European Central Bank’s new loans are going to be, according to Governing Council member Olli Rehn. Policy makers have yet to pass judgment on the severity of the current slowdown that prompted that measure, the Finnish central bank governor told Bloomberg in an interview. They are determined ...