Year: 2019

Swedbank confirmed on Wednesday that the Swedish Economic Crime Authority had searched its Stockholm headquarters but said no one had been informed they were suspected of a crime.

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Southwest Airlines Co on Wednesday was the first major airline formally to cut its financial outlook in the wake of the recent groundings of Boeing 737 MAX planes.

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Wells Fargo & Co’s corporate bank has a revenue problem.

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Southwest Airlines Co said on Wednesday the recent groundings of Boeing 737 MAX planes would lead to its first-quarter revenue per available seat mile coming in below its previous forecast.

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Sweden’s Economic Crime Authority is carrying out a search at Swedbank’s head office in relation to an ongoing investigation into whether the bank breached insider trading regulations, the authority said on Wednesday.

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U.S. health insurer Centene Corp will buy smaller rival WellCare Health Plans Inc for $15.27 billion in a cash-and-stock deal to bulk up its government-backed healthcare plans.

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Commerzbank’s chief executive officer took a 32 percent pay cut in 2018, according to the bank’s annual report on Wednesday, in sharp contrast to hefty pay increases for the top management at Deutsche Bank.

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Global equity markets were flat on Wednesday, hoping central bank action in the world’s biggest economies could temper some of the slowdown in world growth, even though bond yields continued to flag recessionary fears.

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Swedbank may have withheld information from U.S. authorities over suspicious financial transactions, Swedish Television said on Wednesday, adding to pressure on the bank which is under investigation over money laundering allegations.

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Commerzbank’s chief executive officer took a 32 percent pay cut in 2018, according to the bank’s annual report on Wednesday.

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Volkswagen on Wednesday said it has teamed up with Amazon Web Services to link up and integrate the data from 122 VW Group plants, machines and systems, as a way to improve its production systems and processes.

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A German court on Wednesday said it won’t allow a second investor group action against Volkswagen AG and its controlling shareholder, Porsche SE, for allegedly failing to inform investors about the Diesel scandal in 2015.

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Swedish lender Swedbank, under pressure over allegations its Estonia operations may have been used to launder money, may have withheld information from U.S. authorities over suspicious financial transactions, Swedish Television said on Wednesday.

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Korean Air Lines Co Ltd shareholders removed chief executive Cho Yang-ho from its board in a landmark vote on Wednesday, making him the first founding family member of any South Korean corporate giant to be forced off a board.

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Asian shares held steady on Wednesday as investors tried to come to terms with a sharp shift in U.S. bond markets and the implications for the world’s top economy.

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