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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 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.
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 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 the banks.
Scandinavian 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.
Banks create 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 examined today.
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
Swedish banking 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
As predicted, 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 its customers.
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.
The Norwegian Financial Supervisory Authority is examining whether there has been manipulation of the local interbank rate after complaints from a "foreign bank."
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.
The initiative 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 positive.
Sweden's 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.
Swedish big 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.
Swedish Finance 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.
Swedish banks 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.
The Swedish 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.
Standard & Poor's (S&P) is reported to have lowers the outlook of Swedish leading banks to negative from stable.
Danish bank, 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.
banking group, SEB, delivers a third quarter results that tended to stand along the lines with expectations.
Evidence that the Danish Financial sector is not yet healing has been evident in recent reports from the leading bank in the Nordic region, Nordea.
Swedish 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 forecast.
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.
The Swedish government, which still owns some shares in the Nordic banking giant Nordea, could be selling the rest of its shares soon.
Swedish financial services authority, FI has called on the management of the Forex bank at least twice in recent weeks, after the collapse of Panaxia.
Nordea became 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.
Sweden has become a very lucrative market for fast loan companies, otherwise known as payday loan companies. Within the past 5 years, their number has exploded.
Danish giant 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 investor alert.
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's reported a profit before credit losses amounted to Skr 4.2bn (Skr 3.6bn the second quarter 2011).
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.
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.
Credit rating agency, Moody's down grades ratings of nine Danish banks, adding more pain to the Danish ailing financial sector.
Business News Videos
The Swedish FI challenges financial market companies with very risky saving accounts - Such accounts could be banned
Thursday, 02 May 2013The 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 2013Nordic 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 2013The 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 2013Swedish 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 the banks.
Nordea hit with fine from the Swedish financial services authority
Tuesday, 16 April 2013Scandinavian 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.
How the Swedish banks break record last year in profitability
Monday, 25 March 2013Banks create 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 examined today.
Swedish banking group SEB reports end on year report promising huge dividends to shareholders
Thursday, 31 January 2013The 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
Swedish banking 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
Massive protest against Danske bank as a new fee charging policy leads to heavy protest from customers.
Monday, 21 January 2013As predicted, 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 its customers.
Swedbank is phasing out Visa credit card as competition leads it to better deal elsewhere.
Sunday, 20 January 2013This 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.
Norwegian authorities investigate possible NIBOR crime
Thursday, 17 January 2013The Norwegian Financial Supervisory Authority is examining whether there has been manipulation of the local interbank rate after complaints from a "foreign bank."
Bankrupt Amagerbanken's management to be investigated for crimes by the Danish police
Wednesday, 16 January 2013The 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.
How Colombian drug traffickers used HSBC to launder money- Did HSBC aware of the issue or it was just a mistake that others could learn from- Rea the Reuters report here
Credit rating organisation, Moody's praises Swedish bank, SEB
Thursday, 20 December 2012The initiative 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 positive.
Sweden's largest investors appoint Swedbank Large Corporates & Institutions as the leading credit institution
Thursday, 20 December 2012Sweden's 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.
Swedban organises operation to take care of its EUR syndicate and the head of the portfolio
Tuesday, 04 December 2012Swedish big 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.
Swedish Finance Minister accused of banker bashing and "bullying the banks"
Thursday, 29 November 2012Swedish Finance 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.
Swedish banks making wealth from hidden fees on credit and debit cards
Tuesday, 27 November 2012Swedish banks 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.
Swedish banks wave S&P credit rating downgrade threats to the background
Wednesday, 21 November 2012The Swedish 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.
Swedish banks suffer from downgrade
Tuesday, 20 November 2012Standard & Poor's (S&P) is reported to have lowers the outlook of Swedish leading banks to negative from stable.
Danish banking sector continues to struggle as a bigger band swallows a smaller one
Monday, 05 November 2012Danish bank, 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.
Swedish giant bank, SEB reports results that met expectations
Thursday, 25 October 2012banking group, SEB, delivers a third quarter results that tended to stand along the lines with expectations.
Danish branch of Nordea is bleeding dragging down Nordea's earnings
Wednesday, 24 October 2012Evidence that the Danish Financial sector is not yet healing has been evident in recent reports from the leading bank in the Nordic region, Nordea.
Swedish giant bank, Swedbank, report better than expected performance
Tuesday, 23 October 2012Swedish 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 forecast.
Finnish financial group Sampo, ready to buy shares in Nordea
Friday, 05 October 2012It 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.
Swedish government close to selling remaining stake in Nordea
Wednesday, 03 October 2012The Swedish government, which still owns some shares in the Nordic banking giant Nordea, could be selling the rest of its shares soon.
Swedish financial services authority, to review Forex Bank over Panaxia bankruptcy.
Tuesday, 25 September 2012Swedish financial services authority, FI has called on the management of the Forex bank at least twice in recent weeks, after the collapse of Panaxia.
Nordea cautious and reject Iranian students from opening bank account
Monday, 17 September 2012Nordea became 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.
The number of payday loan companies have doubled in Sweden just within five years
Thursday, 06 September 2012Sweden has become a very lucrative market for fast loan companies, otherwise known as payday loan companies. Within the past 5 years, their number has exploded.
Profit Boost for Danske Bank
Tuesday, 07 August 2012Danish 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 2012The 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 2012Trading 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 2012Handelsbanken 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 2012Swedish 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 2012The 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 2012As 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 2012The 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 2012Credit rating agency, Moody's down grades ratings of nine Danish banks, adding more pain to the Danish ailing financial sector.
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