Nordea shares hit as bank faces money laundering claims
05 Mar 2019

Shares in Nordea, the Nordic region’s biggest bank, tumbled on Monday after Finnish public broadcaster Yle announced it would air a program later in the day containing allegations of money-laundering through the bank.

Yle said a large data leak showed that hundreds of millions of euros from suspicious sources had moved through Nordea, without giving any specific details.

Nordea shares fell almost 7 percent on Monday before recovering some of their losses to trade down 3.7 percent at 1115 GMT. The bank was one of the worst performing stocks of the European STXE 600 index, which was up 0.3 percent.

By Anne Kauranen, Reuters, 4 March 2019

Link to Reuters

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