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