February 14, 2012
The following articles have been tagged with "Bank":
Business & Money: 10 Feb 12
Swedish defence group Saab on Friday reported a major boost in earnings for 2011 thanks to winning several major contracts, but a drop in orders left investors jittery, sending Saab's stock price down nearly 10 percent.
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Business & Money: 9 Feb 12
The bankruptcy of Spanair pulled SAS into the red for 2011, despite improved operating profits, the Scandinavian airline reported on Wednesday.
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Business & Money: 7 Feb 12
Several companies are interested in buying Saab, confirmed the bankrupt Swedish carmaker's administrators on Tuesday, while currently unwilling to disclose the identities of the bidders.
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Business & Money: 3 Feb 12
Less than 24 hours after Chinese firm Youngman reportedly placed a bid for Saab, another interested party has apparently joined the race to snap up the bankrupt carmaker.
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Business & Money: 3 Feb 12
Nordic telecoms giant TeliaSonera reported a 14-percent drop in net profit for 2011 on Thursday but said that their analysts still forecast a modest rise in sales for 2012.
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National: 2 Feb 12
Chinese automaker Youngman has made an offer to buy bankrupt Swedish automaker Saab, according to Swedish media reports.
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Business & Money: 2 Feb 12
Swedish finance minister Anders Borg warned that Europe's financial sector was headed for a decade of tough reforms that would leave it much smaller, but more robust.
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Business & Money: 30 Jan 12
As many as five companies have expressed a strong interest in purchasing bankrupt Swedish automaker Saab, a bankruptcy administrator said on Sunday.
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Business & Money: 28 Jan 12
Scandinavian airline SAS has been hard hit by former subsidiary Spanair's bankruptcy, and has warned that results would drop by 1.7 billion kronor ($252 million).
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Society: 27 Jan 12
A bank customer in northern Sweden got more than he bargained for when he made a withdrawal from a cash machine and pulled out his money, followed by a mouse.
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Business & Money: 25 Jan 12
The Saab museum of automobile rarities, which has struggled to find a buyer following the company’s recent bankruptcy, has been saved by a Wallenberg-family trust that wanted the museum to remain intact.
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Business & Money: 25 Jan 12
Ericsson on announced a worse-than-expected 73 percent drop in its fourth quarter net profits, sending shares in the Swedish telecom giant plummeting in Wednesday morning trading.
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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.
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Business & Money: 23 Jan 12
Swedish consumers were less satisfied in their relation to companies, organizations, and government agencies in 2011 than in 2010, according to a new report.
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National: 22 Jan 12
A 28-year-old man who stood for the Green Party at the 2010 election, has been charged, along with his 26-year-old girlfriend, for trying to murder his parents-in-law by setting alight to their apartment.
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Business & Money: 22 Jan 12
Saab's bankruptcy administrator said at a press conference on Saturday that the company "is a patient who has long bled to death and the brutal truth is that the patient is dead", but retained hope that a buyer could be found.
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Society: 20 Jan 12
When naming the Swedish model most often seen on the silver screen, many might guess Greta Garbo. But the correct answer is actually the rather unassuming Volvo 240 station wagon, according to a new ranking.
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Business & Money: 18 Jan 12
A piece of James Bond history will soon go under the hammer in Sweden, when bankrupt car company Saab is auctioning off the rare, collectable and classic cars on display in the Saab museum.
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Business & Money: 17 Jan 12
Stock market success is impossible to predict but according to a new Swedish study, certain ‘crystal clear’ trends have been discovered which cast doubt on assumptions about the investment acumen of men in their thirties.
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Business & Money: 13 Jan 12
Swedbank announced plans Friday to write down two billion kronor ($283 million) from its operations in Latvia, which have been plagued by rumours about their financial stability.
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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).
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Business & Money: 9 Jan 12
Cash-strapped carmaker Saab’s four unions are unhappy with the appointed bankruptcy receivers but said on Monday that having them changed "would not help the situation".
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Business & Money: 5 Jan 12
If Saab gets Turkish owners, the company will continue to build cars in Trollhättan, according to Turkish company Brightwell Holdings, which recently entered in the competition over the cash-strapped carmaker.
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Science & Technology: 4 Jan 12
The Swedish Medical Products Agency can't estimate how many of the French PIP breast implants, used by some 4,000 Swedish women, have burst. Despite what the law says, beauty clinics often fail in reporting potential side effects.
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Analysis & Opinion: 2 Jan 12
The Swedish government has announced that it will designate 2012 as the official "Raoul Wallenberg Year" and the honour is more than deserved, according to historian Susanne Berger.
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Business & Money: 2 Jan 12
The head of Sweden's central bank has said he expects Sweden's interest rates to remain at their current low level in 2012, but warned banks that they must be more open about how much they earn from lending to customers.
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Analysis & Opinion: 29 Dec 11
As 2011 draws to a close, The Local looks back at some of the stories that dominated headlines in Sweden in the past year.
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Business & Money: 28 Dec 11
A voluntary amnesty for Swedes with assets hidden in tax havens is paying dividends, according to Swedish tax authorities, who report that the amnesty had brought in close to a billion kronor in new tax revenue in 2010.
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Analysis & Opinion: 27 Dec 11
The debt crisis plaguing the eurozone has left Swedes loving their cherished krona more than ever, a sentiment shared by non-euro country Denmark as well, as both struggle to keep the euro's woes from hurting their own economies.
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Business & Money: 25 Dec 11
Although 2011 may have ended on a sour note for Saab employees, as the year draws to a close, the cars have suddenly become hot property again for bargain hunters and collectors.
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National: 25 Dec 11
The number of bank robberies has declined sharply in Sweden over the past year, according to fresh figures from the police.
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Business & Money: 24 Dec 11
The Stockholm stock exchange closed up slightly on the Friday before Christmas amid reports of an increase in the number of new companies registered in Sweden in 2011.
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Science & Technology: 23 Dec 11
Thousands of Swedish women have substandard breast implants from France-based company PIP. These women have now been urged to surgically remove their implants by French authorities.
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Business & Money: 22 Dec 11
Letting Swedes hold on to their account numbers when switching banks is one way to put pressure on banks thought to be gouging customers with high mortgage rates, financial markets minister Peter Norman said Thursday.
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Society: 22 Dec 11
Kevin Hansson, an 11-year-old Swedish boy who once suffered from a rare stomach condition, spent all autumn saving up his pocket money to buy toys for sick children at a hospital in northern Sweden.
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Business & Money: 22 Dec 11
Saab's North American division is trying to stay solvent in a bid to maintain warranties, while a Swedish insurance company has said it will cover warranty costs for Saab owners in Sweden following the Swedish automaker's bankruptcy.
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Business & Money: 21 Dec 11
Decisions by former Saab owner General Motors weren't the cause of the Swedish automaker's bankruptcy, according to a new study, which also found that former Saab management is partly to blame.
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Business & Money: 20 Dec 11
Turkey's ambassador in Stockholm on Tuesday denied reports that her country was interested in purchasing Saab Automobile, claiming Saab CEO Victor Muller had sought a meeting in a last ditch effort to save the company from bankruptcy.
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Business & Money: 20 Dec 11
Sweden's central bank cut the country's benchmark interest rate by 0.25 percent on Tuesday, at the same time signaling the rate would remain low throughout 2012 amid concerns about developments in the eurozone.
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Politics: 20 Dec 11
Sweden agreed on Monday night to help stabilize the euro by pledging to make loans to the International Monetary Fund to strengthen a eurozone bailout fund.
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National: 19 Dec 11
A Swedish court approved Saab Automobile's bankruptcy petition on Monday afternoon after a dejected Victor Muller, CEO of the embattled Swedish automaker, told reporters it was “the darkest day in Saab's history”.
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Lifestyle: 19 Dec 11
Saab Automobile's decision to file for bankruptcy on Monday ends two years of efforts to save the unprofitable Swedish automaker 60 years after the aircraft manufacturer started making cars.
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National: 19 Dec 11
It’s a movement without leaders and it kicked off with a bang in mid-October when Stockholmers joined hundreds of cities worldwide in protesting. Contributor Judi Lembke finds out more about the Swedish Occupy movement.
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Business & Money: 19 Dec 11
Hours after the announcement that Swedish automaker Saab has filed for bankruptcy, local politicians in Saab's base in Trollhättan in western Sweden as well as Saab dealers are keeping a brave face.
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Business & Money: 19 Dec 11
After months of teetering on the brink, Swedish carmaker Saab Automobile on Monday filed for bankruptcy protection, ending two years of efforts to save the iconic Swedish brand.
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Business & Money: 18 Dec 11
A Danish investment bank's peek into the crystal ball revealed ten 'outrageous predictions', among them that the Norwegian and Swedish currencies will replace the Swiss franc as a safe haven in a debt-riddled Europe.
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Business & Money: 17 Dec 11
General Motors (GM) said on Saturday it cannot accept any of the proposed solutions presented so far to help save Swedish automaker Saab Automobile, which continues to teeter on the brink of bankruptcy.
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Business & Money: 13 Dec 11
The first share of the money promised to Saab by Chinese Youngman has arrived into the cash-strapped carmaker's accounts, according to company representatives.
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Analysis & Opinion: 13 Dec 11
European leaders have failed to help solve the current debt crisis, and Sweden shouldn't think of signing on to a plan that amounts to an attempt to remake Europe into a super-bureaucratized dream, argues Swedish liberal commentator Johan Norberg.
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National: 12 Dec 11
Beleaguered Swedish automaker Saab is expected to file for bankruptcy on Monday, according to reports in the Swedish media.
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National: 12 Dec 11
A fire erupted in a boat yard in Gothenburg on Monday morning, sending thick, black smoke out across the city and forcing many nearby buildings to be evacuated.
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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.
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Business & Money: 8 Dec 11
Fresh figures from the Association of Swedish Real Estate Agents show that 54 percent believe that houses prices will fall in the near future.
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Society: 7 Dec 11
Tucked behind a shopping centre in southern Sweden is a little food cart with a big name. "Obamas" serves falafel, kebab and sausages, prepared and served by Amro and Soumia Hawary, who opened up shop almost three years ago.
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National: 7 Dec 11
An unexploded bomb was left in the car of Stockholm suicide bomber Taimour Abdulwahab, investigators said on Wednesday, adding that there was nothing to indicate he was a member of the al-Qaeda terror network.
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Business & Money: 7 Dec 11
The court-appointed administrator charged with overseeing Saab's restructuring has petitioned a court to lift the beleaguered Swedish carmaker's bankruptcy protection, Saab Automobile confirmed on Wednesday.
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Business & Money: 5 Dec 11
Swedish Automobile, the owners of beleaguered Swedish carmaker Saab have revealed that they are in talks with a new configuration of Chinese partners in what has been described as a bid to appease previous owner US General Motors.
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Business & Money: 30 Nov 11
Swedish finance minister Anders Borg has called for renewed pressure Wednesday on the European Central Bank (ECB) to stop the euro debt rot from bringing down the global financial order.
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Analysis & Opinion: 28 Nov 11
Swedish society is failing its "immigrants", many of whom, such as football star Zlatan Ibrahimovic, are forced to look elsewhere to build successful careers, social commentator and author Tove Lifvendahl argues.
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Business & Money: 28 Nov 11
Swedish automaker Volvo, owned by China's Zhejiang Geely, plans to hire a further 10,000 new staff in the coming years, its chief executive said in an interview to be published Monday.
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Business & Money: 28 Nov 11
The opening of a massive data centre by US social networking giant Facebook, officials hope will be just the start of a march into the digital age for the town of Luleå, perched in the Arctic far north of Sweden.
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Politics: 26 Nov 11
Russian financier and former Saab-speculator Vladimir Antonov was released on bail by a British court on Friday, following his arrest in London on suspicion of fraud.
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Science & Technology: 25 Nov 11
A Swedish man who wears a "silver suit" to protect himself from mobile phone radiation had demanded that local officials protect his health by creating a “radiation-free zone” that may leave thousands without mobile phone coverage.
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National: 25 Nov 11
Sweden's top 100 most powerful people for 2011 are mainly politicians, men -- and Swedish -- according to Fokus Magazine's annual rankings.
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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.
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Business & Money: 25 Nov 11
Russian financier and once prospective buyer of cash-strapped Swedish carmaker Saab, Vladimir Antonov, has been detained in London, on suspicion of embezzling money from a Lithuanian bank.
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Business & Money: 23 Nov 11
Lithuanian prosecutors have issued a European arrest warrant for the Russian financier and Saab backer Vladimir Antonov on suspicion of fraud and money laundering.
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Business & Money: 23 Nov 11
The Financial Times (FT) has elected Swedish finance minister Anders Borg as the best minister for finance in Europe for 2011, news met with scepticism by Borg's Social Democratic opponent, who claimed he would also have won the top spot if he had been finance minister.
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Travel: 23 Nov 11
While Sweden seems to be at its most captivating during the warm summer months of June to August, here’s an insider tip — the country is just as beautiful during the height of winter. Here are 10 reasons to visit Sweden during winter.
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Business & Money: 21 Nov 11
The news that Chinese firms Pang Da and Youngman intend to acquire Saab Automobile, has been greeted by relief, resignation and objection, The Local's Geoff Mortimore explores the twisted fate of an iconic Swedish brand.
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National: 20 Nov 11
Seemingly undeterred by the debt crisis, Swedish households are taking out more new loans than any other Europeans, according to a comparison of mortgages presented in Swedish media.
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Society: 18 Nov 11
Shoplifters caught stealing from the DollarStore in Sundsvall in northern Sweden can avoid being reported to police if they agree to wear of full-body sign outing them as a thief.
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National: 17 Nov 11
Taimour Abdulwahab called a mobile telephone in Iraq the same day that he blew himself up in Stockholm, and received 60,000 kronor ($8,800) from backers in Scotland, according to British prosecutors.
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Business & Money: 16 Nov 11
Sven Hagströmer and long-term business partner Mats Qviberg have announced that their holding firm Öresund is to be divided in the wake of a scandal involving the now defunct HQ bank.
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Business & Money: 16 Nov 11
Two Chinese companies are continuing discussions on purchasing Saab even though the deadline for the deal expired Tuesday, the beleaguered Swedish carmaker said.
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Sport: 15 Nov 11
England will face Sweden's national side in a friendly next year to mark the opening of Sweden's new national stadium, Swedbank Arena, in Stockholm. The two teams also square off on Tuesday night at Wembley in London.
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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.
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Business & Money: 8 Nov 11
The Swedish government has described as unfortunate a statement by General Motors this week threatening to block the transfer of technology licences if two Chinese companies buy Saab.
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Business & Money: 7 Nov 11
US automaker General Motors (GM) has put the brakes on the planned purchase of Sweden's Saab by two Chinese carmakers over concerns about technology licensing.
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Business & Money: 6 Nov 11
US automaker General Motors said Saturday that it may block the sale of Saab to two Chinese companies, citing concerns of its supplier relationship to the insolvent Swedish carmaker.
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Politics: 5 Nov 11
Although the Greek PM Giorgos Papandreou won a narrow vote-of-confidence late Friday, Sweden's European Union Affairs Minister Birgitta Ohlsson warned that a default by Greece would directly threaten Sweden's economy.
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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".
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Business & Money: 3 Nov 11
Following the news that the European Central Bank unexpectedly cut its prime interest rate, Swedish experts are questioning the strategy, saying it could prove "risky".
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Business & Money: 2 Nov 11
While several parts of Sweden are enjoying the warmest autumn in 130 years, the country's retailers are sweating buckets over the dwindling sales of outerwear.
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Science & Technology: 2 Nov 11
The bankruptcy of a Swedish zoo has left three endangered crocodiles homeless and lawyers struggling to find someplace new for them to live.
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Analysis & Opinion: 2 Nov 11
A timeline of WikiLeak's rise to prominence and subsequent attempts to clamp down on the site and extradite its founder, Julian Assange, who on Wednesday lost an appeal of his extradition to Sweden to answer questions sex crimes accusations.
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Politics: 1 Nov 11
The Greek government's decision to call a referendum on the eurozone settlement to write down the country's debt, raises uncertainty over the Greek economy, according to Swedish PM Fredrik Reinfeldt.
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Business & Money: 1 Nov 11
A Chinese minister said Tuesday his government supported “in principle” plans by Chinese automakers Pang Da and Youngman to purchase troubled Swedish automaker Saab Automobile.
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Business & Money: 31 Oct 11
Chinese automakers Pang Da and Youngman, the new owners of Sweden's Saab, have stated that the firm will turn a profit no later than 2014, according to an ambitious plan laid out on Monday.
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Analysis & Opinion: 28 Oct 11
While the sale of Saab Automobile may have once again helped the troubled Swedish automaker avoid bankruptcy, uncertainties about possible layoffs and obtaining necessary approvals remain, the AFP's Nina Larsson explains.
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National: 28 Oct 11
In the wake of the news that Saab will be bought by Chinese firms Pang Da and Youngman, The Local spoke to business expert Mikael Wickelgren
of the University of Gothenburg to get some perspective on what this means for the cash-strapped carmaker.
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Business & Money: 28 Oct 11
Chinese automakers Pang Da and Youngman have agreed to purchase Saab Automobile, according to a statement issued Friday by Saab owner Swedish Automobile.
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Politics: 27 Oct 11
Sweden's prime minister Fredrik Reinfeldt has warned that the settlement among eurozone leaders over the writing down of the Greek debt, has not removed the risks facing the single currency.
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Business & Money: 27 Oct 11
Sweden's Riksbank has left Sweden's benchmark interest rate unchanged at 2 percent and has delayed any rises well into 2012, meeting market expectations.
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Business & Money: 24 Oct 11
Saab owner Swedish Automobile said on Sunday it had terminated a financing deal with the two Chinese firms, seen by many as the only hope of keeping the cash-strapped Swedish carmaker out of bankruptcy.
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Business & Money: 21 Oct 11
Saab CEO Victor Muller rejected an offer by Chinese investors to buy the troubled Swedish automaker outright, throwing a spanner in previous funding agreements and threatening the company's reorganisation bid.
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Business & Money: 20 Oct 11
The restructuring of Saab could be called off after the company's administrator Guy Lofalk on Thursday applied for the process to be halted, according to a statement from Swedish Automobile (SWAN).
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Business & Money: 20 Oct 11
Swedish telecom giant Ericsson announced on Thursday a 6 percent jump in third quarter net profits, causing its shares to surge in morning trading on the Stockholm stock exchange.
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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.
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Business & Money: 19 Oct 11
From mining and tunneling to ports and airports, global engineering group Cavotec is improving productivity for customers worldwide. Now it is listing on the NASDAQ OMX in Stockholm.
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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 »
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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