Previous close | 152.30 |
Open | 153.04 |
Bid | 151.20 x 0 |
Ask | 157.40 x 0 |
Day's range | 152.96 - 155.56 |
52-week range | 116.44 - 15,000.00 |
Volume | 38,603 |
Avg. volume | 1,368,534 |
Market cap | N/A |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
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Swedbank on Thursday reported its first quarterly loss since 2009, hit by coronavirus-related credit losses and a record fine for poor anti-money laundering controls. The Swedish bank faces the prospect of a large bill to address its money laundering issues, while grappling with the economic downturn caused by the coronavirus outbreak. Swedbank was hit with a record 4 billion crown fine on March 19 when Sweden's financial watchdog found serious deficiencies in the bank's anti-money laundering policies in the Baltic region.
Swedbank <SWEDa.ST> has cancelled the severance pay of former CEO Birgitte Bonnesen on Monday after a report by its law firm said she failed to address deficiencies in the bank's anti-money laundering controls during her years at the helm. After Sweden's financial watchdog last week fined the bank a record 4 billion crowns ($385 million) over the breaches, Swedbank said on Monday that it will not dispute the fine. "Given the information in the investigations conducted by the Swedish and Estonian financial supervisory authorities and ... law firm Clifford Chance, the board of Swedbank has decided to unilaterally cancel the agreement of severance pay to the bank's previous CEO Birgitte Bonnesen," it said.