Swedbank and cars …

Swedbank apparently confiscated cars worth of SEK700 000 000 in the Baltic countries.

That’s kind of funny, I assume many of the cars was taken from businesses who will now have it even harder to make money and repay their loans. So now Swedbank is sitting with a bunch of cars which are less than easy to sell in the current market, not what I’d call a win win situation :D .

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