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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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