Bloomberg A week after Swedbank AB fired its chief executive officer, the lender is parting ways with its chairman as a multibillion dollar money-laundering scandal forces top-level changes. Lars Idermark has decided to leave Sweden’s oldest bank and biggest mortgage lender with immediate effect, Swedbank said in a statement. That follows a March 28 announcement that CEO Birgitte Bonnesen had …

Bloomberg Commerzbank AG Chief Executive Officer Martin Zielke, almost three weeks into formal discussions about a combination with Deutsche Bank AG, is lobbying hard to overcome internal opposition to the idea. The lender doesn’t have the market share needed for costly investments to pay off, Zielke told employees in a memo. Low interest rates are squeezing profits, regulatory expenses have …

Bloomberg Iceland’s central bank now has more scope to cut interest rates as a result of this week’s agreement between workers and employers, despite an “unfortunate” clause in the deal that ties planned pay hikes to monetary policy, Governor Mar Gudmundsson said. “The break-even inflation rate in the market has now slumped, the exchange rate has been strengthening and our …