In the News

Swedbank Earnings Dragged by Lower Interest Income; To Integrate Operations Tackling Financial Crime

The Wall Street Journal, April 25

Swedbank’s earnings fell on quarter in the first three months of 2024 amid lower interest income, but the bank said an improving economy should boost performance over the year as it looks to move on from tangles with regulators over money laundering. Pretax profit fell 4% to 10.65 billion kronor ($978.8 million) compared with the last quarter of 2023, the Swedish bank said Thursday.