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News / Financial
Thursday, 02 May 2013
financial supervisory authority, FI wants to ban savings accounts with
high risk. Many savers are attracted to these accounts by its promised
high interest rates, but the risk of them losing all their savings in
these accounts is too big.
Wednesday, 24 April 2013
biggest bank Nordea AB, on Wednesday reported a consensus-beating rise
in first-quarter net profit, blamed on narrowing loan losses. The bank
said it expects credit quality to improve further in the current year.
Tuesday, 23 April 2013
Swedish giant bank, Swedbank on Tuesday morning, also reported a
quarterly report that showed an operating profit of Skr4.9 billion,
slightly above market expectations.
Tuesday, 23 April 2013
bank, SEB successfully provided interim first quarter report that met
expectations. According to the Tuesday report, key interest income was
largely as expected and emerged one of the leading sources of money for
Tuesday, 16 April 2013
giant bank, has been sanctioned by the Swedish Finansinspektionen (FI),
Financial Supervisory Authority (SFSA) to pay Skr30 million for failing
to manage assists of frozen accounts and money laundry.
Monday, 25 March 2013
money. In real life no but when one, looks really well, it would be
possible to say yeah. Swedish major banks reported a new profit record
last year. How did they make all that money when the Swedish economic
activities have been sluggish remain something that the Swedish FSA
Thursday, 31 January 2013
The other Swedish giant bank, SEB's report a slightly better than the market expected report for its end of year activities.
Swedbank report impressive financial performance
Wednesday, 30 January 2013
group, Swedbank made a huge profit in the last quarter of last year.
Operating profit came to be Skr4 977 million compared to Skr1,753
million corresponding period of the 2011
Monday, 21 January 2013
Danish leading bank, Danske bank seems to have bitten more than it can
chew since it called the bluff and insisted that account holders must
pay a new account ownership charge or fee. It has led to revolt among
customers, something that could lead the bank to loose a large chunk of
Sunday, 20 January 2013
This is how
competition works - where there is a plain field to play on, better
deals are done especially when there is shopping around. Swedish bank,
Swedbank did just that with the two credit card giants Visa and Master
card and will be shifting to Master card from Visa after because it has
secured a better deal from Master card.
Thursday, 17 January 2013
Financial Supervisory Authority is examining whether there has been
manipulation of the local interbank rate after complaints from a
Wednesday, 16 January 2013
The Danish bank
Amagerbanken af is being referred to the police by the Danish Financial
services authority, Finanstilsynet, for possible financial crimes that
led to the fall of the bank.
Thursday, 20 December 2012
from SEB, with its CEO Annika Falkengren, requiring that new mortgage
customers amortise their housing loans that exceed 70 percent of the
value of their properties over a period of up to 60 years are credit
Thursday, 20 December 2012
largest investors (tier 1) ranked Swedbank's Large & Institutions
(LC&I) as the country's best in credit products and credit
research, in Prospera's annual survey.
Tuesday, 04 December 2012
bank, said on Tuesday that it has established a euro syndicate function
headed by Per-Ake Nyberg under its Debt Capital Markets unit in
order to increase its focus on EUR new issues.
Thursday, 29 November 2012
Minister, Anders Borg and his associate minister of the financial
market, Peter Norman have been accused by the Swedish banking society
of leading a witch-hunt against them. This follows their persistent
"bankers bashing" which the public has now picked and are attacking the
banks with in return.
Tuesday, 27 November 2012
are enjoying what monopolies and company operating in environments were
they have little competition do best. They can make money on the backs
of their consumers anyhow as they wish. Evidence for this is how they
use debit cards as cash cow.
Wednesday, 21 November 2012
major banks are taking the threats from the credit rating organisation,
Standard and Poor's (S&P), to place them on a negative outlook with
relaxation noting that such a threat is not "for them," according to
Handelsbanken's press officer Henrik Westman.
Tuesday, 20 November 2012
Standard & Poor's (S&P) is reported to have lowers the outlook of Swedish leading banks to negative from stable.
Monday, 05 November 2012
Sydbank takes over Tønder Bank's banking activities, including
employees, approximately 18,000 customers, real estate and other
assets, but not hybrid capital, or so-called supplementary capital.
Thursday, 25 October 2012
banking group, SEB, delivers a third quarter results that tended to stand along the lines with expectations.
Wednesday, 24 October 2012
the Danish Financial sector is not yet healing has been evident in
recent reports from the leading bank in the Nordic region, Nordea.
Tuesday, 23 October 2012
Swedbank, reported a better than expected quarter that was above
expectation. Profit after tax amounted to Skr 3.511 million, 11 percent
higher than the previous quarter, and 6 percent above the average
It was hinted
recently that the Swedish government would have to finally off load its
shares in the giant bank, Nordea. The Finnish financial group, Sampo,
is reportedly ready to buy those should they go out for sale.
government, which still owns some shares in the Nordic banking giant
Nordea, could be selling the rest of its shares soon.
financial services authority, FI has called on the management of the
Forex bank at least twice in recent weeks, after the collapse of
defensive and rejected Iranian students' ability to open bank accounts
as such constricts the ability of relatives in Iran's ability to
transfer money and pay their student bills in Sweden.
become a very lucrative market for fast loan companies, otherwise known
as payday loan companies. Within the past 5 years, their number has
bank, Danske Bank, made a profit before tax of Dkr2.51 billion
for the second quarter of this year.
The role is
that banks are not supposed to fail to make big profits. But Swedbandk
seems to have detracted from that role in its later quarterly report.
It CEO Michael Wolf delivered a slightly lower profit in the second
quarter than would have been expected.
Trading in the
Nordic biggest bank Nordea has seen the trading of its shares stopped
trading on the stock exchanges in Stockholm, Copenhagen and Oslo, as an
reports an operating profit of Skr4.528 million in the second quarter.
This compares with earnings of Skr4 136 million in the corresponding
period last year.
Monday, 16 July
bank, SEB's reported a profit before credit losses amounted to Skr
4.2bn (Skr 3.6bn the second quarter 2011).
authorities seem to find Sweden the best place for them to look
properly into how a modern society is built and how to design well
structured businesses. This is because China is getting more and closer
to Sweden and is now getting ready to open a branch of one of its most
powerful financial houses in Stockholm, Sweden’s capital.
Friday, 22 June
As the global
financial market has been struggling in the past months as a result of
the financial crisis and the Euro crisis, the banks will likely be
dragging it down once again.
The CEO of the
Swedish bank, SEB Annika Falkengren wants to heap more pressure on cost
to customers in a new move which is being described as the banks
shifting cost away as means of expanding their profit line.
agency, Moody's down grades ratings of nine Danish banks, adding more
pain to the Danish ailing financial sector.