Friday, October 23, 2020

Swedbank investor Alecta not satisfied with money-laundering report

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Swedbank investor Alecta said on Friday that neither an external report on Baltic accounts at the bank suspected of being used for money-laundering nor the proposed continuation of the probe lived up to its expectations. Alecta, which holds close to 5 percent of the shares in Swedbank, also said a more thorough evaluation is needed to restore trust in the bank.

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