Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Swedbank to rebuild board at June 19 extraordinary meeting

Published 20/05/2019, 17:55
Updated 20/05/2019, 18:00
© Reuters. FILE PHOTO: Swedbank signs on a building in Vilnius

STOCKHOLM (Reuters) - Swedbank on Monday called an extraordinary general meeting on June 19 to vote on three new board members as it tries to rebuild its scandal-hit reputation.

The Swedish lender has endured a turbulent few months since it was linked to money laundering at Danske Bank, which has said that its Estonia branch was used to move 200 billion euros (£175 billion) of suspicious funds between 2007 and 2015.

With both its chairman and chief executive having left the bank, Swedbank's proposed new board members include former prime minister Goran Persson as chairman.

The bank is being investigated by Swedish, Baltic and U.S. authorities. It admitted in April to failings in combating money laundering and said an internal investigation was reviewing current and historic customer relationships through its Baltic operations.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.