Brexit Much Less Scary Than Baltics for Biggest Bank in Sweden
Photographer: Erik Abel/Bloomberg
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As Nordic banks reel from Baltic money laundering, one lender escaped taint by looking the other way, to the U.K. -- and remains undaunted by Brexit.
Svenska Handelsbanken AB, Sweden’s biggest bank, has adopted a very different expansion strategy from its competitors over the years. When Swedbank AB and SEB AB were trying to tap into faster economic growth rates in Latvia, Estonia and Lithuania, Handelsbanken was mostly looking in the other direction, toward Britain.