Swedbank fourth quarter profit down but beats expectations
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(Reuters) - Swedish bank Swedbank reported better-than-expected fourth quarter profit on Tuesday, as bank continues to manage the fall-out from the Baltic money-laundering scandal.Net profit fell to 4.43 billion Swedish crowns (354.53 million pounds) compared to 4.59 billion for fourth quarter of 2018, but was better than the mean forecast 4.26 billion in a Refinitiv poll of analysts.The bank said it expected to complete its money laundering prevention action plan this year. The bank proposed a..