Business News

Swedbank says authorities searched HQ

STOCKHOLM, March 27 (Reuters) – Swedbank confirmed on Wednesday that the Swedish Economic Crime Authority had searched its Stockholm headquarters but said no one had been informed they were suspected of a crime.

“At this point of time, no individual or legal entity has been served (with a notice of a) suspicion of (having committed) a crime,” Swedbank said in a statement. “As communicated before, we will cooperate with the authorities.”

Sweden’s Economic Crime Authority said earlier on Wednesday it was carrying out a search at Swedbank’s head office in relation to an ongoing investigation into whether the bank breached insider trading regulations. (Reporting by Stockholm Newsroom; Editing by Simon Johnson)

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Prakash Poojary
Business Analyst

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