Safe, for the moment

A large bank in northern Europe, Swedbank based in Sweden, is accused of money laundering. The market price has fallen by more than 22% in the past 2 days.

Last autumn, Den Danske Bank, based in Denmark, was accused of money laundering. Some days ago, UBS was fined for money laundering. Since bank shares are normally not high yields, my holding of bank shares is non-existent.

I am very grateful that my holdings do not include bank shares but we are aware that next time it could be one of the companies we invest with.

There's no such thing as a free lunch.