Wednesday , 17 December 2025

Recent Posts

Swedbank faces high risk of fines as watchdog weighs sanctions

Bloomberg Swedbank AB faces an increased risk of fines amid allegations its Baltic operations may have handled more than $100 billion in potentially suspicious funds, the lender’s regulator said. Sweden’s financial watchdog gave its strongest indication yet that there’s evidence of serious wrongdoing at Sweden’s oldest bank and biggest mortgage lender. Its findings to date show there could be grounds …

Read More »

UK to melt commemorative 50p coins amid Brexit delay

Bloomberg Thousands of 50-pence coins minted to commemorate Brexit on October 31 will be melted down after Prime Minister Boris Johnson accepted an extension from the European Union, two people familiar with the matter said. UK Chancellor of the Exchequer Sajid Javid had announced plans for millions of coins engraved with the date Johnson pledged to leave the bloc, but …

Read More »

Saudi ready for deeper oil cuts: Opec minister

Bloomberg Saudi Arabia’s Energy Minister Prince Abdulaziz said his country is ready to make deeper cuts in oil output than it agreed to with other global producers, according to Nigerian Minister of State for Petroleum Resources Timipre Sylva. “He assured me that they are very ready to even cut deeper,” Sylva told Bloomberg TV in Riyadh. The Opec minister said …

Read More »