Thursday, April 22, 2021

Swedbank’s Crisis Management Questioned in Walk-Up to Money-Laundering Investigations

-

Months before police raided the offices of Swedbank AB, a series of missteps including some acknowledged by the bank’s ousted chief executive had raised questions among independent compliance experts about the bank’s management of a crisis born of concerns over possible money laundering.

The sequence of events, including the firing of CEO Birgitte Bonnesen last week, provides a case study in one of the riskiest balancing acts executives attempt when faced with a corporate crisis: trying to apply the right amount of weight to reassuring investors on one side and enough weight to publicly addressing the problem on the other.

- Advertisement -
- Advertisement -
- Advertisement -

NEWSLETTER

Get our daily notification on the latest financial crimes news around the World

MUST READ

- Affiliate Products -

Advertisement
Advertisement

This Week

Enable Notifications    OK No thanks