Swedish bank Swedbank will not pay a departure fee to the previously dismissed top woman Birgitte Bonnesen. The bank decided to do this after investigations by the Swedish and Estonian financial authorities and the international law firm Clifford Chance. Actually, Bonnesen, who was expelled a year ago, would be paid money from March 29.

Swedbank has been under pressure for some time from investigations into possible money laundering via the financial group. The bank has been linked to the money laundering scandal with Danish industry colleague Danske Bank. Bonnesen’s departure came a day after a raid by the Swedish authorities at Swedbank headquarters.

The bank’s management has also decided not to make any claims against Bonnesen after weighing up the pros and cons of a legal process. The bank also agreed to an administrative fine of SEK 4 billion (EUR 359 million) imposed on it earlier.

Load More Related Articles
Load More By WeeklyNews staff
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

The Chinese central bank cuts interest rates

The Chinese central bank cuts interest rates on loans to banks in order to mitigate the da…