SWDBY - Swedbank Has A High CET1 Ratio But That Doesn't Make It A Buy - Focus On Europe
Introduction
Just when you thought banks had improved their behaviour, the Scandinavian banks are in the middle of a public relations storm as some of the banks are being accused of money laundering. One of those banks is Swedbank (SWDBF) (SWDBY), one of the banks with the highest CET1 capital ratio in Europe. What does this mean for the 8.2% dividend yield.
Did you miss the previous edition of Focus on Europe? Re-read the article on Ingenico (INGIF) (INGIY) here.
Swedbank: A Swedish bank
When one wants to invest in the European financial