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The struggling Danish banking sector continues to show signs of stress


Danish government takes over another bank


Swedish State mortgage company, SBAB, reacted to Riksbank’s interest rates by lowering mortgage rates


Swedish smaller bank, Länsförsäkringar penalised by the Swedish FSA


Swedish major banks are earning a quarter of a billion Skr per day


Swedbank reports profits as expected


Disappointment at Danske Bank as credit looses squeeze earnings


Swedish finance Minister starts feeling bad as banks begin to report increased profits


Giant Swedish bank, SEB presents a profitable Fourth quarter result of  2011: Operating profit Skr 3.2billion



Profit Boost for Danske Bank

Tuesday, 07 August 2012
Danish giant bank, Danske Bank, made a profit before tax of Dkr2.51 billion  for the second quarter of this year.

Surprise as Sweden banks profit dips but still according to expectation

Wednesday, 18 July 2012
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.

Stoppage of trading of Nordea stocks and shares in Nordic market

Tuesday, 17 July 2012
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 investor alert.

Higher profits for Handelsbanken as operations out of Sweden prove to be more profitable

Tuesday, 17 July 2012
Handelsbanken 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.

Swedish giant bank, SEB reports strong numbers for the Second quarter of 2012

Monday, 16 July 2012
Swedish giant bank, SEB's reported a profit before credit losses amounted to Skr 4.2bn (Skr 3.6bn the second quarter 2011).

China unleashes its big plans for Sweden and the Nordic region as regional giant bank to be launched

Wednesday, 27 June 2012
The Chinese 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.

Moody's hit hard at 15 big banks as the Euro-zone risk fears grow

Friday, 22 June 2012
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.

Expensive mortgages should be expected in the nearest future – SEB CEO Annika Falkengren

Thursday, 31 May 2012
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.

Moody's downgrades Danish banks – two blows in one day

Wednesday, 30 May 2012
Credit rating agency, Moody's down grades ratings of nine Danish banks, adding more pain to the Danish ailing financial sector.

Danske bank sees it credit rating downgraded

Wednesday, 30 May 2012
Standard & Poor's has lowered the credit rating of Danish banking giant Danske Bank's long-term credit by one level to A- (A minus) from A and the the view of the score has been adjusted upwards from negative to stable.

Strong criticism of Nordea's new savings product – shift risks to customers and other hidden charges

Monday, 28 May 2012
Nordea's bank which saw its credit rating reduced recently has attracted more criticism from Swedish authorities for some of its products directed to small businesses according to various reports.

Lehman Brothers sues Swedish state-owned company for half a billion

Friday, 25 May 2012
The Swiss branch of the bankrupt Lehman Brothers has sued Swedish state finance company Swedish Export Credit Corporation, SEK, for just over half a billion dollars.

Lower credit rating for major Swedish banks but SEB and Swedbank smiles for now

Friday, 25 May 2012
Scandinavia's largest bank Nordea and Swedish bank, Handelsbanken have their credit ratings lowered by Moody's. On the other hand, Swedbank had to draw a sigh of relief for not being seen and indicted.

Swedish Banks not very worried that new competitors such as Google and telephone operators are taking a dig in their lucrative sector

Thursday, 24 May 2012
The growing use of mobile phones as credit cards is believed to grow and telephone operators are likely to be increasingly competing with banks in this area. Now Google with its Google Wallet seems to be settling into the market. Swedish banks are either privately worried or mean it when they say they are not worried.

Swedbank best in equity derivatives

Wednesday, 16 May 2012
Swedbank is best in Sweden in equity derivatives, according to TNS SIFO Prospera’s first ranking of equity derivatives trading in Sweden. The study, which is based on interviews with 42 institutions, includes 10 Nordic and 12 international brokerages.

Swedish banks under pressure as they risk rating downgrades

Friday, 04 May 2012
Swedish big banks have come under pressure and there is nervousness around the corridors of Swedish banks as the credit rating agency, Moody's threaten down grade.

Handelsbanken reports impressive performance gaining more from a British that is in economic recession

Thursday, 26 April 2012
Handelsbanken reported on Thursday a strong report contributed by over one-fifth of operating profit from abroad. It is pitted that the share gained from foreign earnings is likely to increase. In time, the bank has as many offices in the UK as it has today in Sweden.

Swedbank beat expectation as another Swedish post huge profits

Wednesday, 25 April 2012
Swedbank reported a strong report on Wednesday morning with net interest income positively impacted by the Bank's increased lending margins. A provision in Ukraine of Skr200 million weighed on credit losses.

Nordea presents better than expected first quarter reports

Tuesday, 24 April 2012
Nordea, the CEO Christian Clausen, will present the results slightly above expectations for the first quarter. The operating profit of Skr 9.2 billion was 5 percent above analysts' estimates, and loan losses decreased slightly.

Lower profit for SEB in its first quarter report but better than expected

Tuesday, 24 April 2012
SEB, with CEO Annika Falkengren, makes a profit of 3.7 billion in the first quarter. It was far worse than a year ago but better than experts had anticipated, as SEB managed to keep costs in check.

Danke bank lift after a big loan – share leaped

Friday, 30 March 2012
Danish Banking giant Danske Bank has borrowed Dkr15 billion by the Danish central bank. Shares shot up immediately on the news.

UK bank, Lloyds TSB Plans Benchmark 15-Year Sterling Covered Bond

Thursday, 22 March 2012
U.K. lender Lloyds TSB Bank PLC (LYG) is planning a benchmark-size, sterling-denominated, 15-year covered bond, one of the banks running the deal said Thursday.

5 Norwegian banks risk credit score downgrade

Friday, 09 March 2012
Five Norwegian banks risk having their credit ratings lowered by Moody's.

Bank of China opens office in Stockholm

Thursday, 08 March 2012
The Chinese banking giant Bank of China which already has offices in over 30 countries will soon be setting up their first Nordic office in Stockholm.

The exclusive Swedish banking club continues to shower gold to its top executives. The Finance Minister can only talk and watch but can’t do anything

Thursday, 08 March 2012
The major Swedish banks made a record combined profits in 2011 on customer mortgages mostly. Criticism on their pricing model has been fierce, especially from the Swedish Finance Minister, Anders Borg.

Criticism as Handelsbanken, increases its various board member enumerations

Wednesday, 07 March 2012
As the banking sector in Sweden start looking for other sources of paying themselves back, large, Handelsbanken has taken the first leap and increased its remunerations to its board members and chairman. This has ignited growing criticisms from members and the savers.