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DNBHF - Swedbank Finally Has A Fine - Remains A Buy
DNB
In my latest articles on Swedbank (OTCPK:SWDBF) (OTCPK:SWDBY), one of the main talking points has always been the potential fine levied against the bank for its failures. Well, as of yesterday evening, the first of these fines was finally announced. This particular fine comes from a joint investigation from both Swedish and Estonian authorities and covers Swedbank's work in the Baltics insofar as KYC/AML goes.
So - today in a few hours, the stock market will open to Swedbank having received a fine - I don't see the stock price falling