Friday, October 23, 2020

Swedbank Chairman Quits Over Money-Laundering Scandal

Swedbank Chairman Quits Over Money-Laundering Scandal 1
By Olaalpha

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Swedbank Chairman Quits Over Money-Laundering Scandal 2

A week after Swedbank AB fired its chief executive officer, the lender is parting ways with its chairman as a multibillion dollar money-laundering scandal forces top-level changes.

Lars Idermark has decided to leave Sweden’s oldest bank and biggest mortgage lender with immediate effect, Swedbank said in a statement on Friday. That follows a March 28 announcement that CEO Birgitte Bonnesen had been fired in the wake of the dirty money allegations.

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