Is SEB to join the long list of Nordic banking scandals?
Shares of Sweden’s SEB plunged after being contacted by the public broadcaster on plans to include it in a programme about dirty money
15 November 2019 - 14:36
Stockholm — The prospect that another big Nordic bank will be dragged into the widening scandal over money laundering in the Baltics rattled investors on Friday.
Shares of Sweden’s SEB plunged the most since the peak of the financial crisis after the bank said it was contacted by SVT, the nation’s public broadcaster, on plans to include it in a programme about dirty money. The disclosure lopped as much as 15% from SEB’s market value and hit its bonds...
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