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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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