Swedbank Finally Has A Fine - Remains A Buy [Seeking Alpha]
SWEDBANK AB S/ADR (SWDBY)
NASDAQ:AMEX Investor Relations:
swedbank.com/investor-relations
Company Research
Source: Seeking Alpha
Summary Swedbank's fate insofar as Swedish and Estonian economic crime authority casework goes is now concluded. Swedbank is fined $400M, or 4B SEK for failing to safeguard against money-laundering in the baltic operations. Swedbank is said to be accepting the verdict and not looking to appeal the decision. This brings more clarity going forward. Swedbank remains a "BUY", but a careful one in this economic climate - there are better nordic banking alternatives currently available. In my latest articles on Swedbank ( OTCPK:SWDBF OTCPK:SWDBY So - today in a few hours, the stock market will open to Swedbank having received a fine - I don't see the stock price falling due to this. In my view, this has been mostly included in the share price at this time. Regardless, let's take a look at exactly what $400M is in the context of putting this matter to rest in Sweden/Estonia. Swedbank - How has the company been doing? As we reported back for FY19, the company's results were excellent. And let
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