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 ...