Swedbank has sacked its chief executive following allegations of money laundering, making her the second Nordic bank boss to leave as a result of a money laundering scandal in recent months.

Birgitte Bonnesen will be temporarily replaced by finance chief Anders Karlsson, the Swedish bank said on Thursday ahead of its annual meeting and a day after its offices were raided by police.

Her exit comes after Swedish broadcaster SVT alleged that billions of dollars had been transferred between suspect accounts in Swedbank and Danske Bank in the Baltics.

The boss of Danske Bank left last year after it emerged that €200bn (£180bn) of suspicious transactions had been washed through its Estonian arm between 2007 to 2015.

"The developments during the past days have created an enormous pressure for the bank. Therefore, the board has decided to dismiss Birgitte Bonnesen from her position", said Swedbank chair Lars Idermark.