• Sweden edition

Bank

The following articles have been tagged with "Bank":

Sweden may cut aid to Palestinian territories

Business & Money: 14 Jun 13
Development aid minister Gunilla Carlsson has said that the Swedish government may reduce development assistance for the Palestinians since they have failed to reach a peace agreement with Israel. READ »

Assange awaits new Ecuadorean landlord

Politics: 13 Jun 13
Ecuador is set to replace its ambassador to the UK, denying claims the current envoy was being made to leave for allowing WikiLeaks founder Julian Assange to seek refuge from Sweden's extradition demands at their London address. READ »

Bankruptcy hits major Swedish free school firm

Business & Money: 12 Jun 13
JB Education, one of Sweden's largest operators of publicly funded and privately managed free schools, announced on Tuesday it was declaring bankruptcy. READ »

US judge rejects Saab bankruptcy lawsuit

Business & Money: 11 Jun 13
A US court has dismissed a $3 billion lawsuit by previous Saab owner Spyker alleging that US auto giant General Motors was responsible for causing the Swedish carmaker's bankruptcy. READ »

Swedish princess weds US banker in Stockholm

Society: 8 Jun 13
Sweden's Princess Madeleine, the youngest child of King Carl XVI Gustaf, married New York businessman Chris O'Neill in Stockholm Saturday in Sweden's second royal wedding in three years. READ »

Danish police accuse Pirate Bay Swede

Science & Technology: 7 Jun 13
Danish police have identified Pirate Bay founder Gottfrid Svartholm Warg as the mastermind behind a hacker attack on the Danish police register of driving licence holders and wanted people across the EU. READ »

Sweden's Meda denies India merger rumours

Business & Money: 5 Jun 13
Swedish drug maker Meda on Wednesday denied reports that it was the target of a takeover bid by India-based Sun Pharmaceutical. READ »

Ex-Riksbank official bashes rate policies

Business & Money: 4 Jun 13
Lars E O Svensson, the former Deputy Governor of the Riksbank who left in a dispute about interest rates, has renewed his criticism of the central bank's monetary policy, arguing it has increased unemployment. READ »

Millionaire froze to death in sand container

National: 1 Jun 13
A 59-year-old man who was found dead in a sand container on a train station platform on Easter Sunday was a lonely millionaire with no close relatives. READ »

Indian drug giant eyes Swedish pharma firm

Business & Money: 31 May 13
An Indian drugmaker may be getting ready to purchase Swedish pharmaceuticals company Meda, which produces branded generic prescription and over-the-counter drugs. READ »

Swedish raid in 'record' Liberty Reserve probe

National: 30 May 13
Swedish police have confiscated servers in Sweden at the request of US authorities as part of a massive money laundering investigation of Costa Rica-based digital currency service Liberty Reserve. READ »

Swedish economy beats growth expectations

Business & Money: 29 May 13
The Swedish economy has outperformed predictions forecasting modest growth this year, with GDP seeing an 0.6 percent upswing in the first quarter of 2013. READ »

Sweden eyes new round of income tax cuts

Business & Money: 29 May 13
Sweden's Financial Markets Minister said on Wednesday the country would benefit from further income-tax reductions, as he addressed investors in Stockholm, but added that unemployment was Sweden's "Achilles' heel". READ »

Bankruptcy stops music for Peace & Love festival

Society: 28 May 13
Organizers of Sweden's popular Peace & Love music festival declared bankruptcy on Tuesday, announcing the 2013 festival had been cancelled, much to the disappointment of fans of headliners Depeche Mode and First Aid Kit. READ »

Banks must heed long-term risks: Riksbank

Business & Money: 28 May 13
Sweden's central bank on Monday said Swedish banks were weathering the current European financial storm well, but still sought a greater focus on measures to protect against the long-term impact of financial instability. READ »

Tax probe forces ex-Saab CEO from Vattenfall

Business & Money: 27 May 13
Jan Åke Jonsson, the former head of Saab Automobile who was arrested last week on suspicion of tax crimes, has been asked to leave his post on the board of state-owned power company Vattenfall. READ »

Riksbank unveils new board members

Business & Money: 22 May 13
Sweden's central bank has appointed two new board members plucked from banking and academia to replace two outgoing members, one of whom was an outspoken critic of the Riksbank's commitment to the government's inflation goal. READ »

'The future of freedom on the internet is at stake'

Analysis & Opinion: 21 May 13
Internet policy experts gather in Stockholm this week to grapple with online data protection and surveillance issues that everyone who surfs the web should care about, reports technologist Stefan Geens. READ »

Former Saab CEO arrested for tax crimes

National: 21 May 13
Jan Åke Jonsson, the former CEO of Saab Automobile, and two top-level colleagues have been detained by police on suspicion of tax crimes. READ »

Ericsson probed over suspected bribes

Business & Money: 21 May 13
Swedish telecom equipment maker Ericsson is suspected of having bribed ministers in Romania in connection with being awarded a contract for the country's emergency number and is now under investigation in the United States. READ »

Pirate Swede in 'biggest ever' hacking trial

Science & Technology: 20 May 13
Pirate Bay founder Gottfrid Svartholm Warg is on trial once again in Sweden for his role in committing what prosecutors believe may have been the largest data breach in Swedish history. READ »

'Sweden next in line for housing market crash'

Business & Money: 17 May 13
Sweden tops a list of countries that risk suffering a housing market crash, Germany's Commerzbank has warned, citing the slackening off of Swedish property prices as a harbinger of a potential downswing. READ »

LinkedIn profile lands Swede with hefty tax bill

Business & Money: 17 May 13
A Swedish man is facing a five-million kronor ($750,000) add-on to his tax bill after the authorities took a proper look at his account on the professional networking site LinkedIn. READ »

In the spotlight: Ireland's hidden Eurovision hero

Lifestyle: 14 May 13
With Ireland's Eurovision entry something of a dark horse for pop glory, The Local's Patrick Reilly talks to the one Irishman in town who is guaranteed to light up the stage in Malmö Arena. READ »

Nordea tracked clients in secret 'black book'

Business & Money: 13 May 13
One of Sweden's biggest banks kept a secret registry with thousands of names of people described as "jokers" and "gangster accountants" in what is being called a "black book" of clients the bank didn't want to do business with. READ »

Borg defends critique of strong Swedish krona

Business & Money: 10 May 13
Sweden's Finance Minister Anders Borg has hit back after the shadow finance minister slammed him for voicing opinions on monetary policy. READ »

Borg calls for action over strong krona

Politics: 8 May 13
Swedish Finance Minister Anders Borg has said the country's central bank should keep an eye on the increasingly strong krona, with further currency appreciation a potential threat to the country's export-driven economy. READ »

Illegal rentals thrive in Stockholm flat crunch

National: 6 May 13
The black market for first-hand rental contracts in Stockholm is alive and well as Swedes desperate for a place to live won't report illegal sales to the police, an investigation has revealed. READ »

Tax-evading Swedish pensioner 'too old' for jail

Society: 29 Apr 13
A 91-year-old Swedish woman, who is "too old" to be sent to prison, told Swedish Enforcement Authorities they could take her coffin once she passed away, claiming she had no other possessions to pay off her debts. READ »

Shock alpaca slaughter 'like a war zone': farmer

Business & Money: 26 Apr 13
Swedish alpaca farmers suspect that a wolf attacked and killed six of its animals on Wednesday night at their central Sweden farm, which supplies alpaca wool to the Swedish fashion industry. READ »

Nordea's profits 'higher than expected'

Business & Money: 24 Apr 13
Nordea, the Nordic banking giant partially owned by the Swedish state, posted a two-percent increase on quarterly profit on Wednesday, with net profits of over 9 billion kronor ($1.36 billion) exceeding analysts' expectations. READ »

Sweden's unemployment figures on the rise

Business & Money: 23 Apr 13
The unemployment figures for Sweden rose to 8.8 percent last month, with almost 450,000 Swedes without a job across the country, according to new statistics released on Tuesday. READ »

Man tries to rob cashless Swedish bank

National: 22 Apr 13
A bank robber in the making on Monday morning tried to force bank personnel in central Stockholm to hand him money, before having to leave empty-handed because the office did not deal with cash. READ »

Deputy Governor leaves Riksbank in rate protest

Business & Money: 22 Apr 13
Lars E O Svensson will not run for re-election as Deputy Governor of Sweden's national bank, saying he has failed to persuade his colleagues to cut interest rates, which he believes could have saved Swedish jobs. READ »

Spring floods cause Uppsala rail havoc

National: 19 Apr 13
Rail services from Stockholm to Uppsala have suffered serious disruption on Friday after the melting snow caused extensive flooding in the university town and surrounding areas. READ »

Banks probed for peddling client names

Business & Money: 19 Apr 13
Several Swedish banks are suspected of passing on the names of customers who have been denied a mortgage to other lenders who offer higher interest rates to high-risk borrowers. READ »

SAS now cheapest on several European routes

Society: 18 Apr 13
Scandinavian airline SAS has the cheapest airfares to several destinations in Europe and is on par with budget airlines such as Norwegian and Ryanair, new figures show. READ »

Riksbank holds interest rate at one percent

Business & Money: 17 Apr 13
Sweden's benchmark interest rate will remain at one percent for longer than previously planned, the Riksbank announced on Wednesday citing the need to "support the recovery" in a time of weak economic growth. READ »

Pirate Bay co-founder charged for hacker attack

Science & Technology: 16 Apr 13
Pirate Bay founder Gottfrid Svartholm Warg was one of four people charged in Sweden on Tuesday on suspicions they hacked into several Swedish agencies and companies and attempted to transfer money out of the Nordea bank. READ »

'Weak, slow and difficult' economy ahead: Borg

Business & Money: 15 Apr 13
Swedes are in for a rough economic ride in years ahead, as Finance Minister Anders Borg has warned of rising unemployment, weaker economic growth and rising public debt in the spring fiscal policy bill released on Monday. READ »

Bankrupt Swede revealed by OffshoreLeaks

Business & Money: 12 Apr 13
A Swedish businessman indebted to the tune of 179 million kronor ($28 million) went on to set up accounts in the Cook Islands, revealed the Fokus news magazine on Friday as a result of its participation in OffshoreLeaks. READ »

Sweden takes best care of its citizens: study

Business & Money: 11 Apr 13
Swedish citizens are the most pampered in the world, according to a new rating that measures non-economic needs and aims to replace GDP as a well-being indicator. READ »

Three drown while ice fishing in west Sweden

National: 7 Apr 13
In two separate incidents, two women between 60 and 70 years old and a man in his sixties fell through the ice and died while fishing on the Swedish west coast on Saturday. READ »

Swedbank to pull out of Russia and Ukraine

Business & Money: 2 Apr 13
Swedish bank Swedbank has announced plans to shutter operations in Russia and Ukraine as part of a strategy to focus on markets closer to home. READ »

Politician remanded into custody for fraud

Politics: 31 Mar 13
A former local politician suspected of defrauding taxpayers in central Sweden of millions of kronor has been remanded into custody on aggravated fraud charges following her arrest in Thailand last week. READ »

Fraud suspect politician in Swedish custody

Politics: 29 Mar 13
A politician suspected of defrauding taxpayers in central Sweden of millions of kronor ended six months on the run after landing in Stockholm on Friday following her arrest in Thailand last week. READ »

Tele2 Russia sale prompts bidding war

Business & Money: 29 Mar 13
The sale by Swedish telecoms operator Tele2 of its Russian subsidiary to state bank VTB, annnounced on Thursday, has piqued the attention of competitors who have said they could make a better offer. READ »

Swedish cash among dirtiest in Europe: study

Business & Money: 27 Mar 13
Swedish cash carries more bacteria than banknotes from almost any other country in Europe, according to a new study from researchers at Oxford University. READ »

Riksbank orders facelift for new 1,000-krona bill

Science & Technology: 25 Mar 13
Sweden's 1,000-krona note ($150) design will be getting an overhaul after copyright issues with the original version, officials from Sweden's Riksbank said on Monday. READ »

Police warn Swedes of forged euro notes

Business & Money: 22 Mar 13
Police in Sweden are warning residents that forged euro banknotes as well as 20-kronor bills are in circulation across the country. READ »

Skåne: Former cop pursues pig-barn 'dream'

Travel: 22 Mar 13
For this week’s My Sweden, The Local heads south and talks to former US Marine Ron Tibbs, who lives on a secluded farm near Kristianstad where he's converting a 100-year-old pig house into a traditional Swedish café. READ »

Thai police nab Swedish fraud suspect politician

Business & Money: 22 Mar 13
A politician suspected of defrauding taxpayers in central Sweden of millions of kronor has been arrested in Thailand after being on the run since last autumn. READ »

Borg: Cyprus has a week to avoid collapse

Business & Money: 20 Mar 13
Swedish Finance Minister Anders Borg has said that Cyprus has around a week to find a negotiated settlement to its financial travails or face the prospect of meltdown. READ »

Swedish krona 'world's strongest' currency

Business & Money: 15 Mar 13
The krona has been the best performing currency over the past year, according to statistics from Swedish newspaper Svenska Dagbladet (SvD) and news agency Bloomberg. READ »

City flat prices hit all-time high in Sweden

Business & Money: 14 Mar 13
Apartments are more expensive than ever and while demand continues to rise, there are fewer options on the market for home buyers. READ »

Sweden's tax hunt abroad yields 'record haul'

Business & Money: 13 Mar 13
Swedish tax authorities recovered a record high 800 million kronor ($125 million) owned on money moved abroad to avoid paying tax in Sweden, with funds sheltered in the UK yielding the biggest chunk of cash. READ »

Muslim discrimination 'too common' in Sweden

National: 8 Mar 13
Swedish Muslims have slammed the government for failing to combat discrimination, submitting a report to the UN with a list of proposed measures, including an inquiry into the abuse of Somali migrants. READ »

Swedish 'cocaine king' jailed for 18 years

National: 8 Mar 13
A 40-year-old man was sentenced on Friday to 18 years in prison after he was caught smuggling 1.4 tonnes of cocaine into Sweden as part of what has been labelled Sweden's "biggest ever" cocaine ring. READ »

Riksbank chief 'unfazed' by strong krona

Business & Money: 7 Mar 13
The Swedish currency has hit a six-month high against the euro, with Riksbank head Stefan Ingves telling a parliamentary committee that the exchange rate was nothing "out of the ordinary". READ »

Sexting teen charged for blackmailing teacher

Society: 7 Mar 13
An 18-year-old woman has been charged with blackmail after she threatened to tell a teacher's wife and the police that he was sending her risqué text messages. READ »

Sweden looks to shrink funding to UN bodies

National: 5 Mar 13
The Swedish finance minister has said Sweden may reduce contributions to several UN organizations by as much as 10 percent, and redirect the cash to taking care of newly arrived refugees. READ »

Carer blows pensioner's savings on internet porn

Science & Technology: 4 Mar 13
A man working in elderly care in southern Sweden risks up to two years in prison after he spent almost all of an 82-year-old woman's savings on porn, alcohol, and a home cinema. READ »

Stats reveal 'surprisingly strong' Swedish economy

Business & Money: 1 Mar 13
Sweden's economy grew by 1.4 percent in the fourth quarter of 2012 compared to the same period a year earlier, surprising analysts who had flagged for a possible recession. READ »

Paris debutante H&M sticks to clean design

Society: 28 Feb 13
Swedish fashion giant H&M drew up a strictly edited collection on an opulent canvas, having refashioned the Rodin Museum grounds into a mock-up of a stately home for its highly publicized Paris Fashion Week premiere. READ »

'Migration forces policy makers to shape up'

Analysis & Opinion: 27 Feb 13
The movement of people across borders is a powerful engine for growth, putting pressure on policy makers worldwide to compete to attract talent, argue government ministers Gunilla Karlsson and Tobias Billstrom. READ »

Borg: housing market set for 20 years of stagnation

Business & Money: 26 Feb 13
Sweden's real estate market is headed for two decades of stagnation, Swedish Finance Minister Anders Borg warned on Monday, reiterating his concerns about the size of Swedes' household debts. READ »

Wanted berry trader arrested in Thailand

National: 23 Feb 13
Ari Hallikainen, the Swede who left 149 Thai berry pickers stranded after emptying his firm Lomsjö Bär of cash and fleeing the country, has been arrested in Thailand. READ »

Five guilty of hazing at elite Swedish school

National: 22 Feb 13
A Swedish court on Friday convicted five young men for assaulting a younger student in a high-profile hazing case that took place at the same prestigious Swedish boarding school once attended by King Carl XVI Gustaf. READ »

Sales slumber prompts 1,000 Volvo job cuts

Business & Money: 20 Feb 13
Volvo Cars said on Wednesday it was preparing to axe 1,000 mostly white-collar jobs as car sales in Europe have fallen to a two-decade low. READ »

British pound weakest in 20 years against krona

Business & Money: 20 Feb 13
The British pound is at its weakest in two decades against the Swedish krona, with experts suggesting that now is the time to head to London for a spot of shopping. READ »

Swedish crowdfunders turn 'likes' into equity

Science & Technology: 19 Feb 13
A Swedish website is helping start-ups tap their social media networks to find man-on-the-street equity investors, and in some cases dispel the scepticism of traditional bankrollers, The Local's Ann Törnkvist discovers. READ »

Swedes' high debts spark housing bubble fears

Business & Money: 19 Feb 13
Swedes should brace for a downturn in housing prices in the face of overvalued homes and ballooning household debt, the head of Sweden's financial regulator has warned. READ »

Job centre berated for 'lacklustre' Saab effort

Business & Money: 14 Feb 13
With one in five former Saab employees still out of work, the Swedish Public Employment Service has come under fire for lacklustre attempts at helping them find new employment after the Sweden-based carmaker went bankrupt in 2011. READ »

Sweden keeps repo rate at 1 percent

Business & Money: 13 Feb 13
The Riksbank said on Wednesday that Sweden's benchmark interest rate, the repo rate, would remain unchanged at of one percent due in part to the weak Swedish economy. READ »

Swedish women warned off dating 'US men' online

Society: 12 Feb 13
A would-be US engineer's untruthful online claims have left a Gothenburg woman out of pocket and brokenhearted - and she's just one of dozens of Swedish women who have fallen victim to an increasingly common online dating scam. READ »

'Supersite' stores all state's mail to Swedes

Science & Technology: 11 Feb 13
The Swedish state has launched a new website that collects and stores all correspondence between citizens and public authorities in a bid to cut costs. READ »

Pajala iron miners battle financing woes

Business & Money: 5 Feb 13
The mining company Northland Resources has failed in its bid to bring in extra investment to its new iron ore mine in Pajala, northern Sweden, which employs more than 800 people. READ »

Teen tells court of abuse at elite Swedish school

Education: 5 Feb 13
A student told a court on Monday of being beaten by five other students facing charges in a hazing scandal that has rocked the same prestigious Swedish boarding school once attended by King Carl XVI Gustaf. READ »

'Working abroad could affect your pension'

Business & Money: 4 Feb 13
As Swedes are about to receive their yearly public pension prediction in the post, the authorities note there are ways to calculate pensions even if you have spent part of your career working abroad. READ »

'Bank customers need to toughen up': minister

Politics: 31 Jan 13
Following better-than-expected results from several Swedish banks, leading politicians had mixed reactions about the enormous pay-outs awaiting shareholders. READ »

New clients push Nordea profits to new heights

Business & Money: 30 Jan 13
Nordea, the Nordic banking giant partially owned by the Swedish state, saw a 19 percent hike in annual profits last year, thanks to cutbacks and an influx of new customers, CEO Christian Clausen said on Wednesday. READ »

'Sweden should support Cameron's EU vision'

Analysis & Opinion: 23 Jan 13
There are several reasons why Swedes should support calls for reform of the European Union championed by British Prime Minister David Cameron, argues Mats Persson, president of the Open Europe think tank. READ »

Kidnapping fears over missing French student

National: 23 Jan 13
Police in southern Sweden suspect a missing 23-year-old French exchange student who disappeared nearly two weeks ago may have been kidnapped. READ »

New asset freeze in TeliaSonera bribe probe

National: 22 Jan 13
The Stockholm District Court on Tuesday ordered an unprecedented 1.8 billion kronor ($277 million) asset freeze for the Uzbekistan-based partner of Nordic telecom firm TeliaSonera as part of an ongoing bribery investigation. READ »

Seven key facts about Swedish job insurance

Analysis & Opinion: 21 Jan 13
Confused about unemployment insurance in Sweden? As part of JobTalk Sweden, The Local's new series offering tips and insights about working in Sweden, we've put together a few pointers to help you navigate the process. READ »

Woman asks to bury recently removed breast

Society: 19 Jan 13
A woman in Jönköping in central Sweden has been given permission to reclaim her surgically removed breast after she said that she wished to give it a dignified burial. READ »

Borg rejects call for mortgage-repayment law

National: 17 Jan 13
Sweden's Finance Minister Anders Borg said Thursday that he is not in favour of forcing home owners to pay down their mortgages, outlined in a proposal by the Riksbank head that caused a stir on Tuesday. READ »

Riksbank probes mortgage-repayment law

Business & Money: 15 Jan 13
The head of Sweden's central bank, Stefan Ingves, said on Tuesday that the government could be forced to make Swedes pay off their mortgages if the country's banks don't "take the responsibility" themselves. READ »

Four remanded after Stockholm bank raid

National: 14 Jan 13
Four men were ordered held on remand on Sunday, on the suspicion of their involvement in Thursday's armed bank robbery in northern Stockholm. READ »

Outrage over 'crisis bonuses' for SAS bosses

Business & Money: 11 Jan 13
Employees of the struggling SAS airline have expressed their anger that top managers have received bonuses to entice them to stay with the struggling airline only a few months after the airline was on the brink of bankruptcy. READ »

Police hold four suspects after bank heist

National: 11 Jan 13
The police have detained another two suspects, bringing the total to four, after an attempted bank robbery in Täby north of Stockholm on Thursday. READ »

Two arrested after bank robbery shoot-out

Business & Money: 10 Jan 13
Two men have been arrested after opening fire on police with automatic weapons in a north Stockholm bank robbery on Wednesday, while police in southern Stockholm were kept busy with another raid on an armoured car. READ »

Swedes leave porn and passports on old phones

Science & Technology: 10 Jan 13
Swedes leave a trail of sensitive information behind them as they ditch their old mobile phones, potentially making themselves vulnerable to fraud. READ »

Robbery attempt shuts parts of Stockholm metro

National: 3 Jan 13
The attempted robbery of a cash transit vehicle prompted Stockholm police to disrupt traffic at three central metro stations on Thursday as they attempted to chase down the robbers who reportedly used smoke bombs to aid their getaway. READ »

Gothenburg drivers face new inner city fee

Business & Money: 1 Jan 13
Sweden's second city Gothenburg introduced a road toll on Tuesday for all motorists entering or leaving the city, similar to one already in place in the capital Stockholm. READ »

Sweden tops Swedish Wikipedia list

Society: 30 Dec 12
Sweden, Eurovision winner Loreen and notorious US bank robber John Dillinger were the three most popular topics on Wikipedia's Swedish edition in 2012. READ »

'SAS had 10 days' worth of cash': Wallenberg

Business & Money: 29 Dec 12
Scandinavian airlines SAS was on the brink of collapse in November, the company's board vice chair Jacob Wallenberg admitted in an interview on Saturday. READ »

Nordea's network down after online disruptions

National: 27 Dec 12
Customers of Swedish banking giant Nordea experienced problems on Thursday with internet payments and cash withdrawals, issues the bank has yet to explain or solve. READ »

Danish labour law attracts Swedish workers

Business & Money: 27 Dec 12
Many thousands of Swedes flock across the sound to Denmark for work every day, but now Copenhagen is trying to tailor the country's labour market 'flexicurity' to a new reality of sluggish growth and rising unemployment. READ »

Swedish royal wedding date announced

National: 23 Dec 12
Sweden's Princess Madeleine will marry US banker fiancé Chris O'Neill in Stockholm on June 8th, the Royal Court confirms. READ »

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Blog Update: Stripes News

13 June 22:03

This weeks results..week 24/25 »

"A weekend full of surprises and LFC football. Results look like this: Div 5 Men won 4-2, K1 lost 5-0, K2 won 2-1, Vets lost 3-2, R1 lost 4-1. Korpen Ladies play Monday night and on the 26th the Div5 Men close the first half season with the last match before the summer kicks in. /LFC " READ »

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