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Swedbank AB

Company NameSwedbank AB
Stock SymbolSWDBY

On or around February 20, 2019, a Swedish TV program alleged that at least 40 billion Swedish crowns ($4.25 billion) had moved between Swedbank and Danske accounts between 2007 and 2015, and Estonian prosecutors confirmed that they were “checking out the claims as part of [their] Danske investigation.” On this news, Swedbank’s ADRs fell $3.09, or nearly 14%, to close at $19.57 on February 20, 2019, thereby injuring investors.

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