In the last week, decided that the Swedish financial supervisory authority's (sfsa) is to provide Swedbank with a penalty of a staggering four million dollars for the serious deficiencies in the bank's work to combat money laundering.
but on Tuesday came the next whack at the international law firm Clifford Chance announced the results of its investigation into the scandal in which it was revealed that the bank's subsidiaries in Estonia, deliberately picked up customers who could be suspected of being involved with the fight against money laundering.
even though it said on Monday, prime minister Göran Persson, repeatedly, that the board of directors did not see the need to change its motion, at 8:80 crowns per share, paid a dividend to the shareholders of the company.
mr Persson pointed out that the bank has changed its policy is to distribute 75 per cent of the net profit for the year to 50 per cent – which is, in itself, resulted in a reduction of the dividend in the previous year, at 14:20.
Photo credit: Lotta Härdelin
it's not in the fertile soil of the internet or the government. On Tuesday morning, let the fin-fsa's director general, Erik Thedéen, all of the banks and credit market companies understand that the inspection is ”to expect”, that they waive their right to dividends, until the economic situation clears.
Thedéen says that the call is not specifically directed towards Swedbank, and without that, the state of the economy is so uncertain right now.
Still, it's hard not to see it as something of a peak directed toward the Persson and Swedbank.
As a regulator, ”expect” something, it will also be understood that one of the orders of the company which are under its supervision.
this time, we may seek a ruling on the point in the day. As early as tomorrow, Wednesday, Handelsbanken's agm, to decide on the board of directors ' proposal of a dividend of 5:50 per share. in the morning, on Wednesday.
Handelsbanken, cuts the dividend, will, in all probability, Swedbank, as well as the rest of the banks, to withdraw their proposal and respond to the call of the INTERNET. The bank has, however, been postponed on his part, no later than June 30, and has a good chance to stay informed.
< a förtroendesmäll. The relationship between the bank and the FI is already strained after it was as late as in the autumn, förhalade the disclosure of information and documents to which ACCESS would require.
the prime minister Göran Persson himself was disturbed by the förhalningstaktiken, according to what he has to say on Monday. He believes that it was the cause of it, more damage, and be a part of the record-breaking interest can be traced back to the delay.
for this reason, it is surprising that he and the board have failed to read the signals of the past. It had been enough that he said something along the lines of: "we on the board are, of course, to discuss the issue.
This is simply not the time right now, the dividends or bonuses when the redundancies are pouring in and the economy is shrinking, which is a snowdrift in the spring sunshine.
And of the fund, in particular, that this is not the occasion to excite the regulator or the government. The bank has big enough problems with their image as it is.
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for more information, see Panikvarsel new set of requirements for the policy.