Swedbank Chairman Is Next in Firing Line After CEO Is Ousted
Lars Idermark, chairman of Swedbank AB.
Photographer: Mikael Sjoberg/BloombergThis article is for subscribers only.
If the market is any gauge, Swedbank AB’s dismissal of Chief Executive Officer Birgitte Bonnesen wasn’t enough.
A turbulent week for Sweden’s biggest mortgage lender came to a head on Thursday with Bonnesen’s firing and a shareholder meeting in which the board was put on the defensive. That followed growing allegations of money laundering, a police raid of Swedbank’s headquarters and news that the U.S. was also investigating the bank.