Swedbank Says Swedish Financial Watchdog Assessing Possible Sanction Over IT Incident
October 31 2022 - 3:48AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedbank AB said Monday that the Swedish financial
supervisory authority is progressing its investigation into an IT
incident at the bank earlier this year and is now assessing a
possible sanction.
Swedbank suffered from an IT disturbance in April that resulted
in incorrect balances on customers' accounts.
Swedbank said it has taken "forceful" measures to prevent this
from happening again.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
October 31, 2022 03:33 ET (07:33 GMT)
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