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