Swedbank's board has continued confidence in the bank's chief executiv...
FILE PHOTO: A woman walks past a Swedbank branch in Riga October 21, 2014. REUTERS/Ints Kalnins//File Photo
“After reviewing the FRA Update, the board confirms its continued confidence in the CEO and her ability to lead and manage the bank’s work in the fight against money laundering,” Swedbank chairman Lars Idermark said in the statement. Forensic Risk Alliance was hired by Swedbank last month to investigate allegations in the media that at least 40 billion Swedish crowns of suspicious payments moved between accounts held at its Baltic branches and suspect accounts at Danske Bank between 2007-2015.
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