Swedbank third-quarter profit falls as money-laundering scandal weighs [Reuters]
SWEDBANK AB S/ADR (SWDBY)
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Source: Reuters
Swedbank third-quarter profit falls as money-laundering scandal weighs - Reuters 1 Min Read STOCKHOLM (Reuters) - Swedish bank Swedbank ( SWEDa.ST ) reported worse-than-expected third quarter profit on Wednesday, as the result was weighed down by efforts to handle the fall-out of a money-laundering scandal. Net profit fell to 4.66 billion Swedish crowns ($482 million) compared to 5.53 billion for third quarter of last year, falling short of the mean forecast 4.81 billion in a Refinitiv poll of analysts. The lender has lost around 40% of its market value and is under investigation in the United States, Baltics and Sweden after becoming embroiled in a money-laundering scandal in Estonia last year. Reporting by Johan Ahlander; editing Niklas Pollard All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Swedbank third-quarter profit falls as money-laundering scandal weighs STOCKHOLM (Reuters) - Sw
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