SWDBF - Swedbank - A Valuation Opportunity
Swedbank - Invest, put it on your watchlist and buy more when/if it drops further.
Over the last 48 hours, the Swedish television show "Uppdrag Granskning" has revealed potential trouble in one of Sweden's largest financial institutions, Swedbank (OTCPK:SWDBF). While the material is still unclear, and things are still being investigated, what is clear is that Swedbank is facing potential transactions of (currently) 40 billion SEK (~$4B) that fall under the category of suspected money-laundering. While no official charges have of yet been charged, it is likely that the bank will face scrutiny