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UPDATE 3-Swedbank fails to keep up with hot mortgage market even as profit leaps
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Investegate |Swedbank AB Announcements | Swedbank AB: Swedbank s Annual and Sustainability Report 2020
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When an injustice is so massive, yet so concealed, it can drive anyone to madness. Most people can’t bear to face corruption head-on when the stakes are so high. But a Swedish financial insider named Victor X is sacrificing everything to uncover the truth.
Is this man the key to exposing the largest money laundering and financial fraud scheme in world history? Before becoming Victor X, he was Victor Carlstrom, a top money broker in Sweden. Although he rose up the ranks quickly, he was thrown down even further and faster.
Carlstrom was effectively criminalized after raising concerns over suspicious financial activity in 2015. The numerous investigations for tax violations turned up nothing, but they were just the beginning. Death threats and even apparent assassination plots hit very close to home, even if home was a hotel room in a foreign country.
Bank Clients in Sweden Face New Climate Hurdle to Get Credit Bloomberg 2/2/2021 © Bloomberg A Swedbank AB branch at night in Riga, Latvia.
(Bloomberg) A growing number of Swedish banks will start turning clients away if their businesses aren’t clean enough to justify new loans.
Swedbank AB, Sweden’s biggest mortgage bank, just became the latest in the country to limit lending based on climate criteria. The Stockholm-based bank won’t provide fresh credit for new oil and gas projects. Nor will it provide funds to enable production in the Arctic.
Jens Henriksson, Swedbank’s chief executive officer, said the goal is to “give advice” to clients to avoid arriving at a stalemate that shuts them off altogether. The bank remains open to lending “to those who want to transform into a carbon dioxide-neutral world,” he said in an interview.
Swedbank to establish holding company in Latvia to run Baltic subsidiaries | News
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