Swedbank was down another 13% yesterday. Its share price is down about 25% on a one-month period due to new elements regarding the money-laundering scandal. Swedbank’s CEO position was therefore weakened and she has just been fired this morning. CFO Anders Karlsson will replace her temporarily. We keep our Reduce recommendation on the company as we will increase our “Baltic Buffer” in the valuation (currently at 4% of Swedbank’s 2019 RWA).
28 Mar 2019
And it's getting worse and worse...
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
And it's getting worse and worse...
Swedbank AB Class A (FRYA:FRA) | 0 0 0.3% | Mkt Cap: 233,306m
- Published:
28 Mar 2019 -
Author:
Farhad Moshiri -
Pages:
3
Swedbank was down another 13% yesterday. Its share price is down about 25% on a one-month period due to new elements regarding the money-laundering scandal. Swedbank’s CEO position was therefore weakened and she has just been fired this morning. CFO Anders Karlsson will replace her temporarily. We keep our Reduce recommendation on the company as we will increase our “Baltic Buffer” in the valuation (currently at 4% of Swedbank’s 2019 RWA).