Swedbank reports smaller-than-expected fall in fourth quarter profit
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(Reuters) - Sweden's Swedbank reported a smaller-than-expected fall fourth-quarter profit on Tuesday as costs rose in part due to fall-out from the Baltic money-laundering scandal.Net profit fell to 4.43 billion Swedish crowns ($466 million) from 4.59 billion a year earlier, but topped the 4.26 billion expected by analysts, a Refinitiv poll showed."Income grew, but expenses and credit impairments were also higher," CEO Jens Henriksson said in the bank's results statement. "It has become more..