E96: How a jailed CEO has rocked Sweden’s banking sector
Former Swedbank chief executive, Birgitte Bonnesen, is facing 15 months in prison after being convicted of spreading misleading information about the bank’s money laundering problems in Estonia.
The conviction ties into one of Europe’s biggest money-laundering scandals where both Swedbank and Denmark’s Danske Bank were alleged to have allowed Russian oligarchs and criminals to move money through their Baltic branches and into the western financial system.
So with an incredibly senior figure from Sweden’s oldest bank now potentially facing prison time – is this crisis averted?
Our expert host…
The skinny
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