News

Three senior executives at Swedbank's Estonian branch, including former chief executive Robert Kitt, lost their jobs amid an ongoing internal probe into claims that thousands of corporate customers in the Baltic region laundered billions of euros through the Swedish lender, Bloomberg reported. More Danske Bank separately said its affiliate in Estonia entered into liquidation, eight months after the country’s financial regulator ordered its closure for allegedly funneling more than €200 billion in suspicious funds from 2007 to 2015, Reuters reported. More Estonia’s interior minister called for an investigation into the death of Aivar Rehe, the former head of the local...