Swedbank says money laundering probe by U.S authorities already known

Sweden’s Swedbank said on Tuesday it had already disclosed it was under investigation by U.S authorities after media reports said the lender was being probed by the Federal Bureau of Investigations and the Justice Department. “We have previously communicated…that U.S authorities continue to investigate Swedbank’s historic work against money-laundering,” spokeswoman Unni Jerndal said. “On the […]

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Exclusive-China search giant Baidu considers making own electric vehicles

China’s Baidu Inc is considering making its own electric vehicles and has held talks with automakers about the possibility, three people with knowledge of the matter said, the latest move in a race among tech firms to develop smart cars. The search-engine leader, which also develops autonomous driving technology and internet connectivity infrastructure, is considering […]

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New Jersey partners with Morgan Stanley to attract diverse entrepreneurs

The New Jersey Economic Development Authority (NJEDA) on Tuesday said it has tapped Morgan Stanley’s Multicultural Innovation Lab as the first participant in its initiative aimed at getting more startups headquartered in the state. NJ Accelerate seeks to double venture capital investment across New Jersey and turn the state into an innovation hub. To attract […]

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