Ticker
Swedbank brings in external help on money laundering revelations
By EUobserver
Swedish lender Swedbank has hired external auditors EY to check its books after Swedish Television revealed at least 40bn Swedish crowns (€3.8bn) were moved between accounts at Swedbank and Danske Bank in the Baltic states between 2007 and 2015, when Danske Bank was involved in a huge money laundering scandal there. The Swedbank revelations saw 14 percent of its share value wiped out in one day.