Carnegie has dropped its appeal against the record fine it received last year on the back of proprietary trading violations and will not be pursuing legal action against former board members, as the Swedish investment bank attempts to draw a line under the scandal.
The Nordic-focused bank announced on Monday that it will drop its appeal to the Swedish Financial Supervisory Authority against the regulator's decision to impose a record Skr50m (â¬5.4m) fine on the bank last September.
