Swedbank: The US SEC has ended its investigation and will not take enforcement action

Jinse Finance reported that Swedbank stated the U.S. Securities and Exchange Commission has terminated its investigation into the bank and has taken no enforcement action. Swedbank Deputy CEO Thomas Hedberg said in a statement: "With the SEC's announcement, we have concluded another investigation into historical issues." Reportedly, the investigation was launched in 2019 and involved Swedbank's past information disclosure matters. The statement also noted that investigations by the U.S. Department of Justice and the New York State Department of Financial Services into the bank are still ongoing. The statement mentioned that Swedbank is currently unable to assess the potential financial impact of these ongoing investigations, nor can it determine when the investigations will conclude. (Zhitong Finance)