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.
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.
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.
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.
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
