Swedbank CEO dismissed by the board after money laundering allegations

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CEO of Swedbank, Birgitte Bonnessen was fired Thursday 28 March amid allegations that the bank has been involved in laundering money from the Baltic Countries between 2010-2016. Bonnessen ran the Baltic banking operations between 2011 and 2014. In addition to the money laundering scandal, the bank is also being investigated for breaching insider rules by informing its biggest investors in advance of a money laundering report published in February. These developments have put the bank under great pressure. Bonnessen is the second Scandinavian banking CEO leaving over money laundering allegations connected to the Baltic countries. Thomas Bogen, former CEO of Danske Bank, left the bank in December 2018. Anders Karlsson, the bank’s CFO, will be the interim CEO, replacing Bonnessen until a permanent CEO is appointed.

Bloomberg, Niklas Magnusson and Frances Schwartzkopff, March 28th 2019

The New York Times, Unknown, March 28th 2019