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February 14, 2012
Nordea
The following articles have been tagged with "Nordea":
Nordea closes out 2011 by beating forecasts
Business & Money: 24 Jan 12
Swedish bank Nordea reported better-than-expected profits for the final quarter of 2011, although profits for the entire year were down by 1 percent.
READ »
Sweden boasts hefty budget surplus for 2011
Business & Money: 10 Jan 12
Sweden’s national debt office stated on Tuesday that the country’s budget surplus from 2011 stood at 68 billion kronor ($9.85 billion).
READ »
Swedbank hit by 'Twitter- generated' Latvia panic
Business & Money: 12 Dec 11
More than 100 Swedbank cash machines in Latvia were emptied at the weekend following a wave of rumours on Twitter hinting that the Swedish bank was in danger of running out of money.
READ »
Tougher demands for Sweden's biggest banks
Business & Money: 25 Nov 11
Sweden on Friday announced plans to beef up the capital adequacy requirements for the country's four largest banks to help protect the Swedish banking system amid the ongoing eurozone debt crisis.
READ »
Nordea CEO: I should have stayed in rented flat
Business & Money: 10 Nov 11
Nordea CEO Christian Clausen has responded to criticism of the bank's purchase of a 22.5 million kronor ($3.4 million) flat for him in Stockholm, as finance minister Anders Borg encouraged outraged customers to change banks.
READ »
SAS shares slump despite rise in profits
Business & Money: 8 Nov 11
Scandinavian airline SAS reported modest profits for the third quarter on Tuesday following steep losses in 2010, but warned that the outlook for the airline remained uncertain.
READ »
Nordea defends costly CEO flat purchase
Business & Money: 4 Nov 11
The board chair of Swedish bank Nordea has defended the bank's purchase a 22.5 million kronor ($3.4 million) flat in Stockholm for Danish CEO Christian Clausen by arguing that "people actually need to live".
READ »
Nordea earnings hit by euro debt crisis
Business & Money: 19 Oct 11
Nordic bank Nordea revealed a €300 million ($414 million) drop in third quarter profits on Wednesday amid turbulence related to the eurozone debt crisis.
READ »
Sweden mourns sports legend Sven Tumba
Sport: 2 Oct 11
Sven Tumba, one of Sweden's most famous ever sports stars, died in hospital in Stockholm on Saturday at the age of 80, following a long illness.
READ »
Stockholm stock market up on Greek tax vote
Business & Money: 28 Sep 11
At the close of trading on Tuesday, the Stockholm stock exchange OMXS index had risen by 5.7 percent on the back of positive news from Greece.
READ »
Riksbank leaves repo rate unchanged
Business & Money: 7 Sep 11
Sweden's Riksbank announced on Wednesday that they have decided to hold the country's main interest rate unchanged at 2 percent and to postpone future increases.
READ »
Bank staff under threat due to cash shortage
Business & Money: 2 Sep 11
Swedish banking giant Nordea’s decision to stop all cash handling at certain offices is exposing staff to threats and offensive behaviour, according to a union for financial sector workers.
READ »
Sweden faces economic slowdown: report
Business & Money: 31 Aug 11
Sweden's National Institute of Economic Research (NIER) has cut its forecast for Swedish growth and sees a significant risk that the eurozone debt crisis could worsen.
READ »
Nordea cuts 2,000 jobs
Business & Money: 29 Aug 11
Nordea, the biggest bank in the Nordic region with around 34,000 employees, said Monday it planned to cut some 2,000 jobs across the region by the end of 2012 to counter the effects of rising costs.
READ »
Swedish dealers to stop selling Saabs
Business & Money: 22 Aug 11
Several Swedish dealerships have decided to pull Saab cars from their showrooms as debt collectors continue to investigate the troubled Swedish automaker and employees face continued uncertainty about their next paycheck.
READ »
Stock market continues downward slide
Business & Money: 19 Aug 11
The Stockholm stock market continued to fall on Friday, with the OMXS-index dropping nearly 4 percent within 30 minutes of opening and finishing the week down nearly 11 percent - and the lowest level since autumn 2009.
READ »
Stockholm stock exchange plummets
Business & Money: 18 Aug 11
The Stockholm stock exchange was down 6.2 percent on Thursday afternoon when trading closed, making the drop the steepest since November 2008. A broad fall among other European stock markets means fears of a recession are mounting.
READ »
Swedish realtors fear falling property prices
National: 12 Aug 11
The continuing financial uncertainty looks set to have a bearing on what is traditionally one of the busiest weekends of the year for real estate agents in Sweden.
READ »
Riksbank interest rate hikes 'in doubt': experts
Business & Money: 9 Aug 11
Swedish experts have expressed scepticism that the Riksbank will raise base interest rates when it meets to discuss monetary policy on September 6th, after a renewed day of stock market turbulence in Stockholm.
READ »
Swedish economy continues to grow
Business & Money: 29 Jul 11
Sweden's economy grew by one percent in the second quarter of 2011, according to new statistics, with year-on-year growth reaching 5.3 percent.
READ »
Nordea reports fall in profits
Business & Money: 19 Jul 11
Swedish-Finnish bank Nordea on Tuesday reported a 6 percent drop in net profits for the second quarter 2011, saying that improvements in banking activity had not compensated for a drop off in investments.
READ »
Swedish banks pass EU stress test
Business & Money: 16 Jul 11
Ten banks in Sweden, Norway and Finland passed European Union stress tests, their financial regulators announced on Friday.
READ »
Southern Sweden suffers alarms blackout
Science & Technology: 9 Jul 11
A technical hitch at a communications network shut down many of the critical alarm systems, including fire stations and banks, in the south of Sweden yesterday.
READ »
Swedish GDP grows by 6.4 percent
Business & Money: 27 May 11
The Swedish economy continues to expand, growing by 6.4 percent in the first quarter of 2011, according to new statistics, although GDP growth has slowed slightly.
READ »
Nordström proposed as new Vattenfall boss
Business & Money: 20 May 11
Former post office head Lars G Nordström has been proposed as the new Vattenfall head, when the company elects its third chairman in as many years.
READ »
Profits up at Nordea bank on 'record' income
Business & Money: 28 Apr 11
Sweden-based Nordea bank reported better than expected earnings on Thursday, announcing a 15 percent rise in profits.
READ »
Loan loss fall boosts Handelsbanken profits
Business & Money: 27 Apr 11
Swedish bank Handelsbanken, the country's second largest by capitalisation, has posted a slight increase in profits on the back of a sharp fall in bad loan losses.
READ »
Swedish house scuppers privatisation plans
Politics: 16 Mar 11
The Swedish Alliance coalition government has lost the right to sell off stakes in a slew of state-owned companies after a parliament decision on Wednesday afternoon, suffering its most high profile setback since regaining power.
READ »
Borg bashes Swedish banks' booming profits
Business & Money: 2 Mar 11
Sweden’s Finance Minister Anders Borg wants to put the squeeze on Swedish banks, where profits have swelled, shareholder dividends ballooned, and interest margins on mortgages doubled.
READ »
'Record growth' for Sweden's economy
Business & Money: 1 Mar 11
The Swedish economy expanded at a record 7.3 percent in 2010, a growth rate not seen in the country since 1970.
READ »
Business master's courses tempt overseas students to Stockholm
Education: 18 Feb 11
A strong academic base, English-language instruction and superb career prospects have made Stockholm University School of Business one of the most popular destinations for overseas Master’s Students in Sweden.
READ »
Sweden's central bank hikes interest rate
Business & Money: 15 Feb 11
Sweden's central bank, the Riksbank, has hiked its interest rate by 0.25 percentage points to 1.5 percent and at the same time increased its forecast for future interest rates.
READ »
Sweden's Riksbank set to raise interest rates
Business & Money: 15 Feb 11
Sweden's Riksbank is expected to hike base interest rates on Tuesday, with more rate increases expected for the coming months, leading to significantly higher mortgage bills for Swedish families.
READ »
Swedes strongest savers in Nordic region: study
Business & Money: 14 Feb 11
Swedes are more conservative with money than their Nordic neighbours, according to a new Nordea survey.
READ »
Sweden raises 19 billion kronor from Nordea sale
Politics: 4 Feb 11
The Swedish government confirmed on Friday that it had raised 19 billion kronor ($2.94 billion) on the sale of 255 million of its shares in Nordic banking giant Nordea.
READ »
Sweden set to reduce stake in Nordea
Politics: 3 Feb 11
The Swedish government announced on Thursday its intention to sell more than 250 million shares of its holdings in Nordea bank.
READ »
Centre Party touts power price regulation
Politics: 3 Feb 11
Swedes need protection from sky-high electricity prices, the Centre Party has proposed, with party leader and energy minister Maud Olofsson arguing for the regulation of floating electricity price plans.
READ »
Nordea tops estimates with soaring profit
Business & Money: 2 Feb 11
Nordic bank Nordea recorded a 15 percent hike in net profit for 2010 and a 72 percent jump in the fourth quarter, boosted by Sweden's strong economic recovery.
READ »
Alliance faces defeat in sale of state-owned firms
Business & Money: 21 Jan 11
Sweden's ruling minority Alliance coalition may lose yet another vote in parliament after the Sweden Democrats announced their intention to support a motion to stop or restrict the sale of state-owned enterprises.
READ »
'Financial crisis over in Sweden': Nordea
Business & Money: 19 Jan 11
The financial crisis is over in Sweden, Nordic financial services group Nordea declared in a report on Wednesday.
READ »
Housing costs cause Swedish inflation spike
Business & Money: 13 Jan 11
A substantial increase in housing costs and higher prices for electricity and food raised Sweden's inflation rate to the unexpectedly high level of 2.3 percent in December, exceeding the central bank's target.
READ »
Top Swedish execs less keen on the euro
Business & Money: 27 Dec 10
A number of prominent Swedish business leaders have become more sceptical towards Sweden joining the euro in the near future, but stressed their belief in the currency's viability in the long term.
READ »
Wahlroos set to take over as Nordea chair
Business & Money: 22 Dec 10
Swedish bank Nordea has announced that Chairman Hans Dalborg will retire next year, adding that it has put forward vice chairman Björn Wahlroos' name to take over for Dalborg.
READ »
Swedish GDP growth nears record high: report
Business & Money: 21 Dec 10
Sweden's GDP growth is currently at levels that have been outpaced only four other times since World War Two, according to a finance ministry agency on Tuesday.
READ »
Riksbank raises interest rate by 0.25 percent
Business & Money: 15 Dec 10
Sweden’s central bank, the Riksbank, once again hiked the country’s benchmark interest rate by 0.25 percent on Wednesday, bringing the interest rate up to 1.25 percent.
READ »
Swedish inflation accelerates in November
Business & Money: 9 Dec 10
Sweden's consumer price index (CPI) continued its climb in November, fuelled by ever-increasing housing and electricity prices, Sweden's statistics agency announced on Thursday.
READ »
WikiLeaks funded via Pirate Bay-linked firm
Business & Money: 9 Dec 10
Swedish micropay site Flattr, which was launched by The Pirate Bay co-founder Peter Sunde, remains one of the sole online financial lifelines for embattled whistleblower site WikiLeaks.
READ »
Swedish banks join fight against child porn
Business & Money: 24 Nov 10
Cooperation between Swedish banks and police to stop the purchase of child pornography images over the internet has proved effective, the national banking association announced on Wednesday.
READ »
Nordea profits hike surprises analysts
Business & Money: 27 Oct 10
Nordic banking giant Nordea on Wednesday reported a third quarter jump in profits of 14 percent, far in excess of analyst forecasts.
READ »
Britain looks to Sweden for austerity plan ideas
Analysis & Opinion: 24 Oct 10
As Britain braces for massive spending cuts, observers say Prime Minister David Cameron should take note of Sweden's successful battle to shrink its huge deficit in the 1990s, writes AFP's Nina Larson.
READ »
Handelsbanken profits up as loan losses fall
Business & Money: 20 Oct 10
Sweden’s Handelsbanken reported a 12 percent increase in net profits for the third quarter on Wednesday, as reduced losses on lending activities made up for falling net interest income.
READ »
Sweden has 'no time frame' for state sell offs
National: 19 Oct 10
Sweden's new financial markets minister Peter Norman was on Monday unwilling to promise that share holdings in Nordea, SBAB and Telia, would be sold off during the mandate period
READ »
Sweden presents budget for 'full employment'
Politics: 12 Oct 10
Sweden's finance minister Anders Borg presented a budget for 2011 on Tuesday morning including 13 billion kronor ($2 billion) in new measures, promising to move Sweden from "crisis to full employment".
READ »
Sweden amends growth forecast
Business & Money: 12 Oct 10
The Swedish government has forecast higher economic growth in 2010, but projects growth to slow more than expected in 2011 according to the financial outlook included in the budget proposition made public on Tuesday.
READ »
Swedbank denies merger talk rumours
Business & Money: 8 Oct 10
Two of Sweden’s largest banks are flirting with Swedbank about a possible merger, according to media reports. Swedbank denies any talks are underway, however.
READ »
More young Swedes living at home: survey
Society: 30 Sep 10
An increasing number of young Swedes continue to live with their parents after turning 18, a new survey has revealed. And fewer of them are working or studying.
READ »
Introducing the Alliance
Analysis & Opinion: 6 Sep 10
Here's a look at the centre-right Alliance, which is looking to win another term as Sweden's ruling coalition.
READ »
Sweden's economy in good shape: report
Business & Money: 31 Aug 10
Exports, domestic demand and strong public finances all indicate that Sweden's economy is in good shape, the country's financial management authority and several major banks said on Tuesday.
READ »
Nordea upbeat on Swedish economy
Business & Money: 30 Aug 10
Sweden's economic recovery is gathering pace and the economy is now close to a return to a normal economic cycle, Nordic bank Nordea has stated in an upbeat new report.
READ »
HQ Bank announces involuntary liquidation
Business & Money: 30 Aug 10
Swedish investment bank HQ has failed to find a solution to enable it to continue trading and the process of involuntary liquidation has been set in motion, the bank has confirmed in a statement.
READ »
Alliance touts tax cuts in election manifesto
Politics: 26 Aug 10
The ruling Alliance coalition has promised its fifth in-work tax credit if it wins the election next month, it promised as it rolled out its manifesto on Thursday.
READ »
Nordea CEO: Let banks fail
Business & Money: 24 Aug 10
Christian Clausen, the CEO of Nordic banking group Nordea has spoken out against state bail outs of troubled banks, arguing that they should be allowed to fold.
READ »
Pirate Bay's Sunde launches micropay site
Business & Money: 16 Aug 10
One of the co-founders of file sharing site The Pirate Bay has launched a social micro-payment system called Flattr.
READ »
Rate rises to hit homeowners
Business & Money: 11 Aug 10
Many Swedes with short-term fixed-rate mortgages will face higher bills from now on, after state-owned mortgage lender SBAB and Nordic bank Nordea both raised rates.
READ »
Borg calls for renewed privatization drive
Politics: 8 Aug 10
Minister for Finance Anders Borg has indicated that the government intends to raise 100 billion kronor ($14 billion) by selling off the state’s shareholdings in a number of companies if voted back into power in September.
READ »
Sweden reports 3.7% GDP growth in Q2
Business & Money: 30 Jul 10
Sweden's gross domestic product (GDP) grew by 3.7 percent in the second quarter compared with the same period last year, Statistics Sweden (Statistiska centralbyrån, SCB) reported on Friday.
READ »
Swedish banks pass EU stress test
Business & Money: 24 Jul 10
Sweden's four main banks are well equipped to withstand the fallout from a financial crisis, according to the results of stress tests carried out on banks in the European Union.
READ »
Bank tells lesbian couple to live apart
Society: 22 Jul 10
A Swedish lesbian couple who wanted a mortgage were told by a bank clerk that they should change their lifestyle and think about living apart.
READ »
Nordea Q2 profit falls, issues mixed outlook
Business & Money: 21 Jul 10
Nordea Bank announced a second-quarter profit decline on Wednesday and issued a mixed economic outlook, pointing out that the Nordic countries doing well, but the eurozone is still fighting a debt crisis.
READ »
TeliaSonera Q2 profits rise as expected
Business & Money: 20 Jul 10
TeliaSonera reported on Tuesday that profit rose in the second quarter near expectations, adding that earnings in the second half of the year would be similar to the first half.
READ »
State-owned companies jump in value
Business & Money: 2 Jul 10
The 57 Swedish state-owned firms are estimated to have increased their total worth by 24 percent or 120 billion kronor ($15.77 billion) to 620 billion kronor in 2009, according to new government estimates.
READ »
Green Party favours selling parts of Vattenfall
Business & Money: 18 Jun 10
Green Party spokesman Peter Eriksson believes that state power company Vattenfall is a major problem and is willing to sell off parts of the company.
READ »
Obama meeting will be Svanberg's toughest test
National: 14 Jun 10
BP’s problems are proving to be the toughest test yet in the career of Swedish business’s golden boy Carl-Henric Svanberg, writes James Savage.
READ »
Swedes set to hike holiday spend
Business & Money: 11 Jun 10
Swedes plan to increase the the money they lavish on annual holidays - again this year, a new report shows. Stockholmers spend the most money on their hols, but the greatest increase for 2010 is set to come from those living in western Sweden.
READ »
Sell more state-owned companies: party
Politics: 10 Jun 10
The Christian Democrats believe the government should continue selling off state-owned companies.
READ »
Fires and rioting in Stockholm suburb
National: 9 Jun 10
Rioting was reported in the Stockholm suburb of Rinkeby on Tuesday night as youths pelted police with stones and set alight to a building. "It is a war zone out here, it is raining stones", said one witness.
READ »
'Ethical' Nordea funds dump BP holdings
Business & Money: 7 Jun 10
Nordea's committee for responsible investment decided on Friday to divest its holdings in BP in all of its 'ethical' profile funds.
READ »
Men cleared in record insider trading case
Business & Money: 1 Jun 10
Two men at the centre of Sweden’s biggest ever insider trading case have been sentenced to two years in jail for tax crimes, but have been cleared on the main charges of insider trading.
READ »
Swedes struggle with unforeseen expenses
Business & Money: 26 May 10
Nearly one in four households, or 22 percent, would have difficulty dealing with an unforeseen cost of 5,000 kronor, according to a study by Länsförsäkringar.
READ »
Debt and Korea cause Stockholm market fall
Business & Money: 25 May 10
Increasing concern about the European debt crisis and renewed tensions between North and South Korea caused share prices in Stockholm to fall sharply on Tuesday.
READ »
30 Swedish firms in Forbes Global 2000
Business & Money: 12 May 10
Forbes Magazine has included 30 Swedish companies on its list of the world's most successful major companies, including Nordea Bank, ABB and H&M.
READ »
Stockholm markets recoil on debt crisis concerns
Business & Money: 11 May 10
The Stockholm stock exchange followed markets across Europe and Asia downwards on Tuesday morning after a day of significant gains on Monday and indicating that the recent turbulence remains.
READ »
Crisis package cools Stockholm market nerves
Business & Money: 10 May 10
The Stockholm stock exchange joined European markets in rebounding strongly on Monday on news of the €750 billion ($1 trillion) package to ease debt pressure on troubled euro area countries.
READ »
Riksbank chief misses rate meeting
Business & Money: 19 Apr 10
Swedish Riksbank head Stefan Ingves missed a key monetary policy meeting on Monday morning as he was travelling overland from Spain due to a Swedish airspace shutdown.
READ »
TeliaSonera approves government bonus ban
Politics: 8 Apr 10
Swedish-Finnish telecom firm TeliaSonera voted at its AGM on Wednesday to ban bonuses for senior staff after a proposal from the Swedish state's representative.
READ »
Controversial bonus windfall for Nordea heads
Business & Money: 24 Mar 10
Capital Markets, the investment banking arm of Nordic finance giant Nordea, has awarded record bonuses for 2009 to staff and senior managers despite criticism from its major shareholder the Swedish state.
READ »
US immigrant sent on Swedish bank run-around
National: 4 Mar 10
When US citizen Sylvie Acra arrived in Sweden and began her search for a job she decided it would be wise to open a standard bank account, but after three visits to three major Swedish banks she remains dissatisfied.
READ »
Handelsbanken ups dividend as profits slump
Business & Money: 18 Feb 10
Swedish bank Handelsbanken trumped market expectations despite reporting a slump in fourth quarter profits on Thursday.
READ »
Nordea bank ignores Swedish bonus ban
Business & Money: 17 Feb 10
The board of Nordea has decided to act in open defiance of the Swedish government and is pressing ahead with a new bonus scheme.
READ »
Nordea sees profits fall
Business & Money: 10 Feb 10
Nordic banking group Nordea has reported an operating profit of €592 million ($815 million) for the final quarter 2009, down on a profit of €781 million in the corresponding period of last year.
READ »
Snow causes traffic havoc in western Sweden
National: 1 Feb 10
Snow falls caused extensive traffic problems on Sunday night and into Monday morning. Several accidents occurred in western Sweden while no fatalities were reported.
READ »
Swedish state's holdings outperform Stockholm exchange
Business & Money: 30 Dec 09
The value of the Swedish state's stock portfolio grew by 55 billion kronor ($7.66 billion) in 2009, putting its current value slightly higher than it was before the financial crisis hit.
READ »
Bankers blindsided by con artist's creamy cake
Society: 16 Nov 09
A well-dressed Swedish fraudster treated bank employees to cake as thanks for helping him make off with 12 million kronor ($1.75 million) in cash and gold. He has now been sentenced to eight years in prison.
READ »
Handelsbanken beats forecasts despite profit dip
Business & Money: 28 Oct 09
Sweden’s Handelsbanken on Wednesday announced lower quarterly profits which nevertheless beat forecasts on the back of a jump in earnings from basic lending operations.
READ »
Nordea surprises market with strong report
Business & Money: 28 Oct 09
Nordic banking giant Nordea has reported third quarter profits that far exceeded market expectations, defying predictions of a massive fall in earnings.
READ »
Swedbank's losses worse than expected
Business & Money: 20 Oct 09
Swedbank has reported an operating loss of 2.6 billion kronor ($373.6 million) for the third quarter, a worse result that analysts expected.
READ »
Card firm hacking hits thousands of Swedes
Business & Money: 14 Oct 09
Debit card information for tens of thousands of Swedish banking customers may have fallen into the wrong hands following a security breach at card manufacturers MasterCard and Visa.
READ »
Swedish banks' bonus bonanza continues
Business & Money: 29 Sep 09
The four main Swedish banks, some of which have requested bailout money from shareholders and the state, are expected to dish out a whopping 5.4 billion kronor ($769 million) in employee bonuses for 2009.
READ »
Trial starts for Sweden's largest insider scandal
Business & Money: 28 Sep 09
District court proceedings kicked off in Stockholm on Monday for what has been called the largest insider trading scandal in Swedish history.
READ »
Swedish banks: Interest rates set to rise
Business & Money: 1 Sep 09
Two of Sweden's biggest banks, SEB and Nordea, have predicted that the Riksbank will raise its benchmark interest rate to 2 percent by the end of next year from its current level of 0.25 percent.
READ »
20 things to know before moving to Sweden
As diverse as Sweden is, there are a few societal norms that are distinctly Swedish. Understanding a handful of them will hopefully prepare you culturally before you relocate. When you're invited home to a Swede, you better be on time and take your shoes off, writes expat Lola Akinmade-Åkerström. Read more »
How far can English take you in Sweden?
Sweden is a country where almost everyone can speak English. So why bother to learn Swedish? Edina Varnagy from Hungary managed with English for a whole year but then found that Swedish could open doors – to a job, a social life and greater understanding. Read more »
"The ice dripped in the winter sun. It was the first day when the light had been intense enough to cause dripping in the sunlight. To hear it was an extraordinary wakeup call. The cycle was happening again as it always does, always will (or so we think). I imagined that on my summer island, the bees..." READ »
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fin
adjective
Fin means anyhting from sweet to proper. When someone says, Du är så fin it's quite a compliment.
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