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Swedbank sets aside $3.7 million to cover US sanctions investigation

( March 10, 2023, 11:10 GMT | Official Statement) -- MLex Summary: Swedbank has set aside 40 million Swedish kroner ($3.7 million) to cover the fallout from an investigation by US sanctions regulators over possible breaches. “We can now assess the financial impact. The dialogue with OFAC is good. But we cannot say when it will be concluded,” said Tomas Hedberg, deputy chief executive at Swedbank. The lender still faces further action by US prosecutors over the issues, it said today.Statement follows....

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