Edition:
United States

Colm Fulton

Sweden's SEB dismisses report of money laundering 'red flags'

Nov 27 2019

SEB said it saw no need for further action after a Swedish Television (SVT) report on Wednesday said accounts at the bank had links to suspected money laundering in Estonia.

Swedbank to investigate report of possible U.S. sanctions breach

Nov 20 2019

STOCKHOLM Swedbank's chief executive Jens Henriksson vowed on Wednesday to "get to the bottom" of an alleged funds transfer from a Russian arms company, which Swedish public service broadcaster SVT said may have violated U.S sanctions.

Sweden's SEB says it was already aware of client names provided by TV show

Nov 19 2019

STOCKHOLM Sweden's SEB has received a list of 194 of its corporate clients from public broadcaster SVT, a day before it airs a program investigating money laundering in the Baltics that is expected to include information about the bank.

SEB shares drop ahead of TV programme on money laundering

Nov 15 2019

STOCKHOLM A planned Swedish TV programme on suspected money laundering in the Baltics will include information on Sweden's SEB , the bank said on Friday, sending its shares down almost 13%.

UPDATE 4-SEB shares drop ahead of TV programme on money laundering

Nov 15 2019

* SEB's largest shareholder has "confidence" in the bank (Adds statement from Latvian banking watchdog)

Swedish, Estonian regulators advance Swedbank probe

Oct 29 2019

STOCKHOLM Swedish and Estonian financial regulators have taken their investigations into Swedbank over anti-money laundering controls at its Baltic operations to the next level, they said on Tuesday, marking a formal step in the process that could lead to a financial penalty.

Swedish Match profits boosted by sales of tobacco-free pouches

Oct 25 2019

STOCKHOLM Tobacco group Swedish Match on Friday reported a bigger-than-expected rise in third-quarter operating profit, helped by strong sales growth of its tobacco-free nicotine pouches in the United States.

Sweden's Handelsbanken to cut 800 jobs, pull out of Asia and Germany

Oct 23 2019

STOCKHOLM Handelsbanken said on Wednesday it would cut 800 jobs and pull out of Asia and Germany as it seeks to cut costs after restructuring charges dragged down the Swedish bank's third-quarter earnings.

Getinge shares jump as restructuring push brings results

Oct 18 2019

STOCKHOLM Getinge beat third-quarter core profit expectations, sending shares in the Swedish medical technology group up 16% early Friday. Profit before interest, tax, amortization and items affecting comparability was 677 million Swedish crowns ($70 million), up from 438 million a year earlier, the company said in a statement.

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