10:19 AM EDT, 10/15/2026 (MT Newswires) -- Skandinaviska Enskilda Banken AB (SEB-A.ST, SEB-C.ST), or SEB, will pay a total of $33 million as part of a resolution with the New York State Department of Financial Services in the US concerning its historical processes. The Swedish bank said Thursday the resolution follows a review of its former procedures and processes for customer due diligence and transaction monitoring in the Baltics from 2015 to 2019. It expects the cost, which will be reflected in the fourth-quarter operating expenses, to have a limited impact. The US Department of Justice also ended its review without taking any action, concluding the US matters linked to SEB's historical anti-money laundering measures.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.