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Swedbank AB (SWEDa.ST)

SWEDa.ST on Stockholm Stock Exchange

135.50SEK
19 Jul 2019
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Wed, Jul 17 2019

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Swedbank cuts dividend amid money laundering fallout

STOCKHOLM Swedbank will cut the amount of dividends it pays from profits and has set new targets to strengthen its capital as the bank faces fallout from a Baltic money laundering scandal.

UPDATE 3-Swedbank cuts dividend amid money laundering fallout

* Bank faces fallout from money laundering scandal in Baltics

New chairman pledges to 'clean' scandal-hit Swedbank

STOCKHOLM Swedbank shareholders elected Goran Persson as chairman on Wednesday, with the former Swedish Prime Minister pledging to "clean the house" after a money-laundering scandal.

UPDATE 2-New chairman pledges to 'clean' scandal-hit Swedbank

* Analyst says market has priced in $5 bln of U.S. fines (Adds quotes, details)

Sweden rejects Browder appeal over Swedbank money laundering complaint

STOCKHOLM Sweden has rejected an appeal from campaigning investor Bill Browder which had urged authorities to pursue a complaint alleging accounts at Swedbank were used to launder money, the Economic Crime Authority (EBM) said on Wednesday.

Sweden rejects Browder appeal over Swedbank money laundering complaint

STOCKHOLM, May 15 Sweden has rejected an appeal from campaigning investor Bill Browder which had urged authorities to pursue a complaint alleging accounts at Swedbank were used to launder money, the Economic Crime Authority (EBM) said on Wednesday.

UPDATE 1-Swedbank committee proposes new board members

STOCKHOLM, May 13 Swedbank's nomination committee proposed two new board members and called for an extraordinary meeting to be held before June 21, as Sweden's oldest lender tries to recover from a money-laundering scandal in the Baltics.

Swedbank admits money laundering flaws, faces multiple U.S. probes

STOCKHOLM Swedbank admitted to failings in combating money laundering on Thursday and said it was under investigation by multiple U.S. authorities, piling more pressure on the bank as it tries to rebuild its reputation.

UPDATE 4-Swedbank admits money laundering flaws, faces multiple U.S. probes

* Rising costs also weigh on share price (Adds analyst comments, SEC and FSA no comments, details)

Swedbank Q1 profit above forecast, says cooperating with U.S. authorities

STOCKHOLM, April 25 Swedish bank Swedbank reported first-quarter profit above market expectations on Thursday but admitted to past anti money-laundering shortcomings and said it was cooperating with authorities, including those of the United States.

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