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 …