Swedbank has been informed that the U.S. Department of Justice has closed its investigation into the bank without enforcement action.
The DOJ investigation, which began in 2019, focused on Swedbank's historical anti-money laundering practices.
Meanwhile, the New York Department of Financial Services (DFS) investigation remains ongoing. Swedbank noted that it cannot currently assess the potential financial impact or predict when the DFS investigation will be concluded.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.