|Bid||192.25 x 0|
|Ask||192.35 x 0|
|Day's Range||191.50 - 197.25|
|52 Week Range||177.15 - 221.70|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||10.50|
|Forward Dividend & Yield||13.00 (6.57%)|
|1y Target Est||213.11|
Swedbank, one of Sweden’s largest banks, disclosed Thursday that it initiated large positions in those stocks in the third quarter.
COPENHAGEN/TALLINN, Oct 3 (Reuters) - Banks doing business in Estonia, which has been at the centre of a money-laundering scandal involving Danske Bank, handled cross-border transactions of more than $1 trillion in and out of the country between 2008 and 2017, according to its central bank. The European Union member country of just 1.3 million people has been rocked by revelations that banks there laundered money from Russia, Moldova and Azerbaijan via non-resident bank accounts. The scandal has forced lenders in Estonia and neighbouring Latvia to shut down.
AB (SWED-A.SK) said Thursday that it isn’t being probed by any regulators, amid a flow of negative news concerning money laundering in the Baltics. , following the lender’s admission that $233 billion moved through a single branch in Estonia. Swedbank counts Sweden, Estonia, Latvia and Lithuania as its home markets and is also present in other Nordic countries, the U.S. and China.
Sweden's Swedbank (SWEDa.ST) said on Thursday that there were no ongoing investigations into its anti-money laundering procedures, a day after its shares slumped on worries about cross-border transactions by banks in Estonia. On Thursday, Danske Bank (DANSKE.CO) said it was being investigated by the U.S. Department of Justice about non-resident accounts at its Estonian branch, the latest blow in a long-running scandal over lax money laundering controls at its local subsidiary. "There are currently no ongoing investigations intoour bank from any of our regulators concerning anti-money laundering practices," Swedbank said in a statement.
COPENHAGEN/TALLINN, Oct 3 (Reuters) - Banks doing business in Estonia, which has been at the centre of a money-laundering scandal involving Danske Bank, handled more than $1 trillion in cross-border flows between 2008 and 2017, according to the country's central bank. The European Union member country of just 1.3 million people has been rocked by revelations that banks there laundered money from Russia, Moldova and Azerbaijan via non-resident bank accounts. The scandal has forced lenders in Estonia and neighbouring Latvia to shut down.
Sweden's Financial Supervisory Authority said on Wednesday it had decided to hike part of the capital buffer lenders must hold to 2.5 percent of risk-weighted assets, due to increased risks in the banking system. "One indication that the risks in the financial system have increased is that the combination of low interest rates and low risk premiums," the FSA said in a statement. The FSA last raised the buffer - which moves up and down over time in relation to the perceived level of risk in the banking system - in March 2016 when it increased to 2 percent.
The biggest Nordic bank is considering taking on the European Union’s top markets regulator after being handed a fine for providing credit ratings without a license. Nordea Bank AB, together with four other major Nordic banks, was called out by the European Securities and Markets Authority for selling so-called shadow ratings to corporate clients without permission. Nordea said on Monday that it discontinued shadow ratings in 2016, “although we disagree with ESMA” on the interpretation of the rules.
Corruption allegations that led to the suspension of Latvia's central bank governor on Tuesday may be part of a disinformation campaign aimed at damaging trust in the country and influencing October elections, its Defence Ministry said. It did not say who might be behind what it called a "massive information operation from outside", but said it was "identical in structure and execution" to campaigns that preceded recent French, German and U.S. elections.