Swedish pension giant loses 12 billion kronor from US banks’ collapse

The Swedish pension fund manager Alecta has estimated that its combined loss from the collapse of Silicon Valley Bank and Signature Bank could amount to 12 billion kronor, although it says this will not seriously affect customers' pension holdings.

https://www.thelocal.se/20230313/swedish-pension-giant-loses-12-billion-kronor-from-us-banks-collapse/

Ericsson to pay $200m fine for breaching US deal over Iraq graft

Swedish telecom equipment maker Ericsson has said it will pay a $207 million fine for breaching a deal with US authorities by not disclosing an investigation relating to suspected bribes to the Islamic State group in Iraq.

Swedish prosecutors have also opened an inquiry into the alleged IS payments, a case that has forced the company to vow an overhaul of its compliance oversight after the claims emerged last year.

US prosecutors had already imposed $1 billion in penalties in 2019 to close corruption cases in Djibouti, China, Vietnam, Indonesia and Kuwait, after Ericsson agreed to a so-called deferred prosecution agreement (DPA).

https://www.thelocal.se/20230303/ericsson-to-pay-200m-fine-for-breaching-us-deal-over-iraq-graft-statement/

Jesuits of Canada releases list of 27 members ‘credibly’ accused of child sex abuse

Of the men named, all but three are dead.

https://globalnews.ca/news/9547935/canada-jesuits-list-priests-sexual-abuse/