Swedbank Says US DOJ Closes Probe Into Bank Without Enforcement

The US Department of Justice closed its investigation into Swedbank AB without an enforcement action, bringing an almost seven-year money-laundering probe nearer to a conclusion.An investigation by the New York Department of Financial Services is still ongoing, the bank said in a statement Wednesday.“With this information we are placing another investigation of historical shortcomings behind us,” Tomas Hedberg, Swedbank’s head of special task force and deputy chief executive officer, said in the statement.T ...