United States

Simon Johnson

Swedish central bank boosts QE programme to fight pandemic downturn

Jul 01 2020

STOCKHOLM Sweden's central bank held its key rate at 0% as expected on Wednesday and substantially boosted the size of its asset purchases, including corporate bonds for the first time, as it tries to soften the economic blow from the coronavirus pandemic.

UPDATE 2-Swedish central bank boosts QE programme to fight pandemic downturn

Jul 01 2020

* Ready to use all tools if needed, including rate cut (Adds analyst comment, crown reaction)

Swedish FSA fines SEB for lax anti-money laundering measures in Baltics

Jun 25 2020

STOCKHOLM Sweden's financial watchdog on Thursday fined lender SEB 1 billion crowns ($107.11 million) for failures in compliance and governance in relation to anti-money laundering controls in the Baltics.

UPDATE 4-Doubts remain as Sweden closes case of Palme assassination after 34 years

Jun 10 2020

* Prosecutor says killer was Stig Engstrom, a graphic designer

Swedes await answer to riddle of Prime Minister Olof Palme's 1986 murder

Jun 10 2020

STOCKHOLM Swedes may get an answer on Wednesday to the mystery of who shot Social Democrat Prime Minister Olof Palme when the Swedish prosecutor in charge of the case presents his conclusions to an investigation that has lasted 34 years.

Sweden should have done more against coronavirus but broad strategy right: chief epidemiologist

Jun 03 2020

STOCKHOLM Sweden's chief epidemiologist said on Wednesday the country should have done more to combat the coronavirus but backed the broad strategy, which avoided the strict lockdowns seen in many other countries.

Sweden to tighten foreign takeover rules amid security worries

May 08 2020

STOCKHOLM Sweden plans to tighten its rules to enable the government to block takeovers of important firms by foreign companies amid increasing concerns over the threat to national security from China and Russia.

Coronavirus a chance to choose new path, says climate activist Greta Thunberg

Apr 22 2020

STOCKHOLM Countries have a chance to choose a new path as societies begin to return to normal after lockdowns imposed to prevent the spread of the coronavirus, activist Greta Thunberg told an Earth Day event on Wednesday. | Video

UPDATE 2-Swedish spring budget pledges SEK 100 bln to fight coronavirus crisis

Apr 15 2020

* Repeats expects Swedish economy to shrink 4% in 2020 (Adds details, quote, graphics)

Swedbank hit with record $386 million fine over Baltic money-laundering breaches

Mar 19 2020

STOCKHOLM Sweden's financial watchdog hit lender Swedbank with a record fine of 4 billion crowns ($386 million) on Thursday for serious deficiencies in its anti-money-laundering work and said the bank had withheld information from authorities.

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