FTSE..we formed another doji yesterday with a potential spike high today. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

SEB accused of years’ worth of money-laundering Joins the list of suspect Scandinavian banks

Bloomberg reports that this morning Swedish SVT television claimed that a big 3 Swedish bank (SEB) found its Baltic operations had failed to report suspicious money flows, possibly linked to Russian tax evasion. This follows similar accusations at Swedbank and Denmark’s Danske Bank. It comes days after Australia’s Westpac was accused of 23 million money-laundering breaches and Citi’s £44 million fine dished out yesterday by the Bank of England for falling short of financial information standards between 2014 and 2018.

The fallout from the investigation into the car bomb murder in Malta 2 years ago of investigative journalist Daphne Caruana Galizia has taken a very serious turn, writes City AM. Last week businessman Yorgen Fenech was detained as a person of interest in the probe. On Monday middleman to the plot Melvin Theuma was granted a presidential pardon in return for evidence from audio recordings. Yesterday Malta’s chief of staff Keith Schembri and tourism minister Konrad Mizzzi resigned because of their links with the businessman. Then economy minister Christian Cardona said he was ‘suspending himself’ from his duties until the murder investigation was concluded.

Financial Markets and Political Commentary

 

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