Did bad credit checks – get fined
Avida Finans has given loans without checking whether the borrower can repay them. Now the finance company is being fined 20 million kronor by the Swedish Financial Supervisory Authority (FI).
BusinessAvida Finans has given loans without checking whether the borrower can repay them. Now the finance company is being fined 20 million kronor by the Swedish Financial Supervisory Authority (FI).
BusinessBanks are required to inform their customers at least one month before the interest rate discount on mortgages expires. However, Ekonomiekot reports that the banks are lacking in clarity.
BusinessThere are still large differences between the average mortgage interest rates of different banks. For a loan of 2 million, there can be a difference of 4,500 kronor per year, according to a compilation by the Swedish Financial Supervisory Authority.
BusinessThe Swedish Economic Crime Authority is closing its preliminary investigation into pump and dump fraud, they announced in a press release.
BusinessA fund saver can lose hundreds of thousands of kronor by choosing funds with high fees – funds that rarely provide better returns.
BusinessThere will be no Russian cross-country skiers in the Olympic Games in February. Linn Svahn stands firm that she could have boycotted the games if Russia had been allowed in. I was still nervous when the decision was to be made, says Svahn.
SportsWith refined methods, fraudsters abroad have managed to deceive thousands of Swedish small investors of large amounts in so-called "pump and dump" schemes. What we see now is a new type of approach, which is controlled from abroad. This makes it more difficult to reach the responsible parties, says Björn Rygart, commissioner at the Economic Crime Authority.
BusinessRussia will appeal the decision to exclude Russian cross-country skiers from the Olympic Games.
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