TOP WIKIFOLIO TRADE
Swedbank has seen some exciting days with new allegations regarding whitewashing in the baltic branchs and a potentially too "conservative" response to information requests of the american banking oversight. This condensed on thursday, when the steering board fired Brigitte Bonnesen just hours before the general shareholder meeting. It does not get more dramatic than that ... The share price lost (visually) even more, as it was trading ex-dividend (close to 10% div yield) on the same day. I did not foresee these dramatic events and can not tell if more skelletons will be dig up, but I think the fear and activism put the price in a good place to increase my exisiting position. There is a looming thread of sanctions from the US in relation to the Danske Bank scandal (first bank to be caught tributes the name of the scandal), but this would/should hit by now nearly the entire nordic banking industry, and might therefore not be to likely. I added 200 shares.