Swedbank Dirty Money Plot Thickens After CEO Analyst Call

CEO fails to stamp out concerns after speaking to analysts
Bank is now under investigation amid laundering allegations

Before Wednesday, Swedbank had vehemently denied involvement in the Danske case. Bloomberg’s Tasneem Brogger reports.(Source: Bloomberg)

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By Frances Schwartzkopff, Niklas Magnusson, and Hanna Hoikkala

February 20, 2019 at 6:13 AM UTC

Updated on

February 21, 2019 at 2:29 PM UTC

This article is for subscribers only.

As Swedbank AB woke up to allegations of money laundering on Wednesday that wiped 14 percent off its market value, its chief executive officer, Birgitte Bonnesen, tried to restore calm by talking to analysts.

The effect was far from reassuring.