How the World’s Cleanest Banks Became a Haven for Russian Crooks
- Swedbank and Danske caught up in money-laundering allegations
- Baltic expansion may have attracted the wrong kind of customer
This article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
Swedbank AB regularly topped rankings of Europe’s safest banks half a decade ago. On Thursday, Sweden’s finance ministry told regulators to explain how the venerable institution had become enmeshed in allegations of money laundering.