Bloomberg The Hermitage Capital Management co-founder who’s become an activist in the fight against money laundering says Sweden’s decision not to pursue his case against Swedbank AB because of a statute of limitations won’t stop him seeking other avenues. Bill Browder, whose criminal complaints against Danske Bank A/S were followed by investigations in multiple jurisdictions, says the Swedish decision was ...

Bloomberg Geneva prosecutors are investigating a former back-office employee of Banque Pictet over allegations the person stole millions of dollars from Switzerland’s biggest privately-owned bank. An investigation was opened on March 19 into suspicions of fraud and breach of trust, according to a spokeswoman for the Geneva prosecutor’s office. She declined to give further details and the person’s name has ...

Bloomberg Former Wall Street trader Edgar Fernandez used some of his Bitcoin as collateral to borrow nearly $100,000, a move that let him keep his cryptocurrency and avert a tax bill on the newly acquired cash. The tax perk stems from a longstanding principle that assets aren’t taxed until sold, much like borrowing against stock holdings. Yet digital currency carries ...