Swedbank Seen at Risk From US Probes Even After Clearing SEC (1)

Swedbank AB’s outstanding US investigations by the Department of Justice and the New York Department of Financial Services still pose a risk for the Swedish lender given their narrower focus on potential money-laundering violations, analysts have warned.

The decision by the Securities and Exchange Commission to close its investigation without enforcement is not directly comparable to the remaining two probes, Citigroup analyst Shrey Srivastavawrote in a note to clients. The mandate at the SEC centers on disclosure issues, he added.

Danske Bank A/S analyst Mark Elving Naur similarly stressed in a note that the DOJ case remains the ...