The central bank announces the Carnegie loan

Carnegie Receives Massive Bank Loan

Sweden’s economy is in the worst condition since the 90’s according to the country’s National institute of Economic research.

On Tuesday, to prevent what it called serious disruptions to the the already creaking financial system, Sweden’s central bank, the Riksbank, increased its large loan to the troubled Carnegie investment bank, fivefold, raising concerns about Carnegie AB’s financial health.

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