Swedbank CEO Survives Initial Review Into Money Laundering Allegations

The video discusses Swedbank, Sweden's oldest bank, and its involvement in a scandal concerning $10 billion in suspicious transactions. The bank has denied allegations, but a preliminary review by Forensic Risk Alliance has been conducted. The CEO retains her position, and a second, more extensive probe is planned. The situation is compared to Danske Bank's past scandal, raising questions about Swedbank's thoroughness. An upcoming AGM will address shareholder concerns.

What comparison is made between Swedbank and Danske Bank in the text?

What is the expected outcome of the second phase of the review for Swedbank?