Swedbank Shares Plummet Amid Money Laundering Accusations

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It’s been an unfortunate series of events for Swedbank AB after the lender faced plummeted share values amid recent accusations of money laundering that showed profits that saw a drop of 13% from its market value.

The lenders chief executive officer attempted to limit damage control and recent investor panic over the past two days after charges against Sweden’s largest banks and key lender to the Baltic states; which has already seen a USD $5 billion drop from its market value. Will Swedbank be able to turn things round and persuade shareholders that things aren’t so bad?