Rumor Of Swedbank "Collapse"
The rumor itself is BTW of course completely unfounded. Swedbank is a very profitable bank as their latest report shows, and even their baltic division is profitable these days thanks to the strong economic recovery there. Nor is there in this case much of a liquidity problem despite the mass withdrawals since the Swedbank Baltic division can get as much liquidity it needs from its Swedish mother company-who in turn can get as much liquidity it needs from the Swedish central bank. However, the mass withdrawals have in some cases emptied Swedbank ATM:s in Latvia, though these should be filled again in a few days.