SEB Bank faces illegal activity and bond portfolio problems

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SEB Bank faces illegal activity and bond portfolio problems

Oct 15, 2008
By TBT staff and wire reports

WATCHING: Thieves used hi-tech devices to steal card information from 40 SEB Bank clients.

SEB Group’s tough financial situation worsened this week when 40 clients fell victim to ATM fraud. SEB Bank head of public relations Sandra Purvina said that someone had illegally installed data-reading devices on several automated teller machines to steal bank card data from SEB Bank clients. The thieves then later used this information to withdraw cash in Italy and Spain. Purvina explained that the bank “wants to underline that SEB Bank’s clients will not suffer and that their money will be ...

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