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SEB reports better than expected financial performance

Thursday, 24 October 2013
The Swedish banking group SEB's operating profit of Skr4 618 million for the third quarter of 2013. That compares with profit of Skr3.857 million corresponding period in 2012.

Customer receives compensation for Nordea typo

Monday, 23 September 2013
Typos are common everywhere even in banks. One such case in point, which happened in a Nordea branch in Denmark, led to a big payout to a customer.

Danish banks continue to struggle for their survival but the lack of evolutionary business models put more pressure

Monday, 23 September 2013
Analysis of the Danish banking scene shows that the way the banks have driven their businesses in the past is now pushing them deeper into severe pressure, something that started when the financial crisis hit in 2008. Since then, several Danish banks have collapsed and recent review suggest that more are still to go.

Danske bank forces out its CEO as Management change eminent in the bank

Monday, 16 September 2013
Danske Bank's Board of Directors has appointed Thomas F. Borgen as new CEO of the company, replacing Eivind Kolding whom the board thinks he does not have the required qualities to continue the banking operations.

ICA Banken warned  by the Swedish FSA

Monday, 26 August 2013
ICA Banken AB did not report to Swedish Financial Services Authority, or the Finansinspektionen (FI) that the Bank had a new owner, which it is obligated to do. As a result of this breach, the Bank is receiving a remark.

Swedish government sets tougher requirements on banks as a buffer for a possible next financial crisis

Monday, 26 August 2013
The Swedish Financial Services Authority, Finansinspektionen (FI) is excited that it has been provided with a new powers to put pressure on Swedish banks to reduce their over reach and work harder to earn their huge profits.

Svenska Handelsbanken reports better results than last year

Wednesday, 17 July 2013
Svenska Handelsbanken  reported a EBIT of Skr4.723 million for the second quarter of 2013, which is better than last year's Skr 4,412 million in the same period.

Nordea delivered according to expectation

Wednesday, 17 July 2013
 Nordic region's biggest bank Nordea made  an operating profit of Skr9.1 billion during the second quarter of 2013. That was higher than what the analysts who monitor the company had expected. Expectations was  for Skr 8.9 billion.

SEB reports better than expected quarterly report

Monday, 15 July 2013
SEB reports an operating profit of Skr4.8 billion in the second quarter. That compares with an expected Skr4.0 billion.

Swedish government sells more of its shares in Nordea

Tuesday, 18 June 2013
The Swedish government plans to sell up to 230 million shares it owns in Nordea, the Scandinavian regions biggest bank. That will correspond to 5.7 percent of its stake in the bank and will mean that Sweden will cut its overall stake in the bank from 13.4 percent to 7.8 percent.

Carnegie strengthens its investment banking team in Norway through the acquisition of NRP Securities

Monday, 17 June 2013
Sweden based leading Nordic integrated investment bank Carnegie, announces that it has signed an agreement whereby Carnegie will acquire NRP Securities, a part of the Norwegian Group Ness, Risan & Partners.

Swedish financial service authority penalised Forex Bank and given them a warning

Wednesday, 22 May 2013
Forex Bank in Sweden has been warned and penalised to pay Skr 50 million for failing to handle its financial operations with a failed financial services organisation Panaxia. The Swedish Financial Authority, Finansinspektionen (FI) made this knownin a press release out today.

The Swedish FI challenges financial market companies with very risky saving accounts - Such accounts could be banned

Thursday, 02 May 2013
The Swedish 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.

Nordic banking giant Nordea reports above expected profits

Wednesday, 24 April 2013
Nordic regions' 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.

Swedbank also beat s expectation in its interim reports

Tuesday, 23 April 2013
The other 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.

Swedish banks SEB present interim reports that met expectation.

Tuesday, 23 April 2013
Swedish big 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

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