Swedbank backs down

After Dagens Industri’s revelations of private property deals by senior executives at Swedbank, the bank has chosen to back down with Göran Bronner, chief finance officer, saying in an internal memo that in hindsight the bank should have acted differently and that the holding will be sold with immediate effect.
Michael Wolf, chief executive of Swedbank, has also said the bank will tighten the rules on private joint-venture investment with external investors. (DI: 8)
Teen suspect behind bank hack crime
Police have remanded into custody a 16-year-old from Växjö in connection with several suspected hack attacks against Swedbank and Nordea during the autumn. The teenager is also suspected of demanding a ransom to stop the attacks.
He is suspected of having controlled around 20,000 computers from his bedroom.
“We have a clear picture of the motive, which includes factors other than money, but we cannot comment,” said Mats Ljungqvist, state prosecutor in the case.
The maximum sentence for hacking and attempted bribery is between six and two years.