Swedbank's 20% Slump Draws in Hoards of Swedish Retail Investors

Since allegations of money laundering were leveled against Swedbank AB last week, it’s lost a fifth of its value. Now, Sweden’s retail investors are flocking to the stock in the hope they’ll see a rebound.

Retail clients bought more shares in Swedbank than in any other company in February, according to online brokers Avanza AB and Nordnet AB. Avanza says its data points to a 50 percent jump in customers owning Swedbank in less than a week. At Nordnet, the increase was 40 percent in February.