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Swedbank Robur Participates In New Bond By Swedish Export Credit
Swedbank, On Behalf Of Backahill, Sells 30.7 Mln Common Shares In SBB
Swedbank Postpones Decision On Dividend Until Pandemic Consequences Clearer
Swedbank AB is a savings bank. The Company offers financial services and products in its home markets of Sweden, Estonia, Latvia and Lithuania. The Company's segments are Swedish Banking, Baltic Banking, Large corporates & Institutions, and Group Functions & Other. The Company offers products mainly in the areas of lending, payments and savings. The Swedish Banking segment offers its products to private customers and companies in the Swedish market. The Swedish Banking segment's services are sold through the Company's own branch network, the telephone Bank, the Internet Bank and the distribution network of the independent savings banks. The Baltic Banking segment offers its products to private customers and companies in Estonia, Latvia and Lithuania. The Baltic Banking segment's services are sold through its own branch network, the telephone Bank and the Internet Bank. The Large Corporates & Institutions segment offers its services to large companies and financial institutions.
Independent Chairman of the Board
President, Chief Executive Officer
Independent Vice Chairman of the Board
Group Financial Officer
CIO and Head of Digital Banking & IT
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Swedbank <SWEDa.ST> on Thursday reported its first quarterly loss since 2009, hit by coronavirus-related credit losses and a record fine for poor anti-money laundering controls.
Swedish bank Swedbank on Thursday reported its first quarterly loss since 2009, as it was hit by both coronavirus-related credit losses and a record fine for poor anti-money laundering controls.
Sweden's Swedbank said late on Wednesday it was putting the decision on whether to go ahead with the payment of its annual dividend on hold until the consequences of the global outbreak of the novel coronavirus became clearer.
Swedbank <SWEDa.ST> will report its first quarterly loss since 2009, as it braces for both coronavirus-related credit losses and a fine for poor anti-money laundering controls, the Swedish bank said on Wednesday.
Swedbank will report a first-quarter loss due to rising costs, credit impairments related to the COVID-19 outbreak, as well as a previously announced fine after a money laundering-related investigation, it said on Wednesday.
Swedbank <SWEDa.ST> has canceled the severance pay of former CEO Birgitte Bonnesen on Monday after a report by its law firm said she failed to address deficiencies in the bank's anti-money laundering controls during her years at the helm.
Swedbank's ability to pay the proposed dividend for 2019 will not be affected by the 4 billion Swedish crown ($383.17 million)sanction fee imposed by the Swedish financial watchdog, Swedbank's chairman said on Monday.
Swedbank's subsidiaries in Estonia and Latvia actively pursued high-risk customers some of whom had been rejected by another bank, a report by law firm Clifford Chance into the Swedish bank's anti-money laundering work said on Monday.
Sweden's Swedbank said on Friday it was postponing its Annual General meeting (AGM) and said that was evaluating the proposed dividend for 2019, citing concerns around the spread of the coronavirus.
Sweden's financial watchdog hit lender Swedbank <SWEDa.ST> with a record fine of 4 billion crowns ($386 million) on Thursday for serious deficiencies in its anti-money-laundering work and said the bank had withheld information from authorities.
Swedbank said on Thursday that it was very serious that the bank had withheld information from authorities after the lender was hit with a record fine over serious deficiencies in its anti-money laundering operations in the Baltic region.
Sweden's financial watchdog hit lender Swedbank with a record 4 billion Swedish crown ($386 million) fine on Thursday, after it found the bank had serious deficiencies in its management of the risk of money laundering in its Baltic operations.
Swedbank acknowledged on Thursday that it has had shortcomings in work to prevent money laundering, after it was fined a record 4 billion Swedish crowns ($386 mln) by the Swedish financial watchdog.
Swedbank <SWEDa.ST> has accepted the decision the Estonian financial watchdog made on Thursday, the head of the watchdog said after an investigation found serious deficiencies in the bank's management of money laundering risks in its Baltic operations.
Swedish banking group Swedbank said on Wednesday it would ease loan repayment rules for individuals and corporate borrowers who had been hit by the effects of the coronavirus.
Swedish FSA will hold a news conference on Thursday to give information on its investigation into money-laundering allegations against Swedbank, it said on Wednesday.
* ANNUAL GENERAL MEETING WILL BEGIN, AS PREVIOUSLY ANNOUNCED, AT 11.00 AM (CET) ON MARCH 26, 2020
An independent investigation of Swedbank's <SWEDa.ST> anti-money laundering practices has found that transactions totaling $4.8 million potentially violated U.S. sanctions, the Swedish bank said on Wednesday.
Swedbank said on Wednesday the investigation of its work on anti-money laundering by law firm Clifford Chance had found that transactions totalling around $4.8 million constitute potential sanction violations.
Swedish lender Swedbank said on Wednesday the investigation of its work on anti-money laundering by law firm Clifford Chance had found that transactions totalling around $4.8 million constitute potential sanction violations.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.