Key Swedish bank stocks have extended their losses since
Latvia suffered a failed bond auction Wednesday, ramping up speculation of an
imminent devaluation of the lat. Shares in Swedbank (SWED-A.SK) are down 16% to
SEK37.90, with SEB (SEB-A.SK) down 8.3% at SEK30.90 as analysts expect further
capital raising to protect from losses.
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