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Swedbank drastically fired CEO Birgitte Bonnesen on Thursday, shortly before her annual meeting, after the lender was accused of involvement in money laundering in the Baltic countries.
"The events of the past few days have created enormous pressure on the bank, so the board has decided to remove Birgitte Bonnesen from her position," Swedbank chairman Lars Idermark said. a statement.
Bonnesen's position became virtually untenable after three of its top five investors said they would vote against accepting any responsibility for its latest financial results at the annual meeting.
The money laundering charges against Swedbank, revealed for the first time in a press report last month, raised fears that the biggest lender in the Baltic region would be involved in a scandal surrounding his rival Danske Bank, and face the threat of lawsuits, fines and the like. punishments.
Swedbank shares again lost 3.7% on Thursday.
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