Shares in Nordea, the Nordic region's biggest bank, tumbled on Monday after...
HELSINKI - Shares in Nordea, the Nordic region’s biggest bank, tumbled on Monday after Finnish public broadcaster Yle announced it would air a program later in the day containing allegations of money-laundering through the bank.
Nordea shares fell almost 7 percent on Monday before recovering some of their losses to trade down 3.7 percent at 1115 GMT. The bank was one of the worst performing stocks of the European STXE 600 index, which was up 0.3 percent. Nordea said it was aware of the upcoming report and has been in dialogue with both Yle and Berlingske.
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