11.23.2019

Why does Swedbank never learn?

In this small part of the world where Scandinavia is located, a financial bomb has burst. Again, Swedbank, Sweden's largest bank, finds itself in heavy weather.

Ten months ago, it was revealed that Swedbank has helped Russian oligarchs with money laundering. Now it turns out that Swedbank also helped one of its customers to break one of the US financial sanctions against Russia by transferring money from Russia to the US through various tax havens.

For all shareholders and customers in Swedbank, I hope the bank will address these problems this time.

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