Nordea
The following articles have been tagged with "Nordea":
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.
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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.
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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.
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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.
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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.
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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.
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'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.
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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.
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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.
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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.
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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.
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New app lets Swedes transfer cash via mobile
Science & Technology: 19 Dec 12
Sweden’s major banks have joined forces to launch an app allowing users to transfer money in real time using mobile technology, simplifying restaurant bill-paying and moving Sweden one step closer to being a cashless society.
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Swedish banks reported for WikiLeaks blockade
Business & Money: 18 Dec 12
Sweden's Pirate Party has filed a complaint with the country's financial system watchdog alleging Swedish banks have been complicit in a long-running blockade of donations to WikiLeaks.
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Nordea profit rise fails to meet forecasts
Business & Money: 24 Oct 12
Swedish bank Nordea announced a nearly 70 percent rise in third-quarter profits on Wednesday mainly thanks to higher lending and a tighter control on costs, but nevertheless failed to meet analysts' expectations.
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Man jailed for setting robbery victim on fire
National: 19 Oct 12
A 23-year-old man who assaulted, robbed and set fire to a 19-year-old man south of Stockholm has been jailed for the attack and ordered deported from the country.
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TeliaSonera to cut 2,000 jobs as earnings fall
Business & Money: 17 Oct 12
TeliaSonera will shed 2,000 workers as part of a 2 billion kronor ($300 million) savings package, the Swedish-Finnish telecoms giant announced on Wednesday along with its third quarter results.
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Assets of Telia's Uzbek partner frozen in Sweden
Science & Technology: 15 Oct 12
A Stockholm court on Monday ordered more than $30 million held in a Swedish bank by an Uzbek company with ties to Swedish-Finnish telecoms giant TeliaSonera be frozen as part of an ongoing money-laundering probe.
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Swedish banks 'a safe haven' from euro crisis
National: 14 Oct 12
Swedish banks report having seen a boost in foreign investors seeking safer investments away from the troubled eurozone.
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Swedish economy fails to meet growth forecast
Business & Money: 14 Sep 12
Sweden's economic growth was far weaker in the second quarter than previously expected, expanding only 0.7 percent, according to new figures published on Friday.
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Nordea predicts mixed prospects for Sweden
Business & Money: 4 Sep 12
The Swedish economy is going to be improving slowly over the next few years, and it will be households keeping the wheels turning, according to a new outlook report from Swedish bank Nordea.
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How to avoid fraud in the Stockholm house-hunt
Lifestyle: 24 Aug 12
With apartments in Stockholm harder than ever to find, desperate house-hunters are easy prey for con-artists. The Local’s Oliver Gee finds out more about how the fraudsters operate and how to avoid them.
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Swedish economy continues to grow: report
Business & Money: 30 Jul 12
The Swedish economy grew by 1.4 percent in the second quarter, compared to the first three months of 2012, according to official figures released Monday.
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Nordea's second quarter profits beat expectations
Business & Money: 18 Jul 12
Nordea announced Wednesday that its second quarter net profit had rocketed 17 percent, above and beyond market expectations.
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Lee Westwood wins Scandinavian Masters
Sport: 10 Jun 12
England's Lee Westwood held his nerve to cruise to a first tournament victory in over a year at the Nordea Scandinavian Masters at Bro Hoff Slott on Saturday.
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Three Swedish banks downgraded by Moody's
Business & Money: 25 May 12
Moody's Investors Service on Thursday downgraded its long-term ratings on three Swedish banks, believed to be at risk if the European financial crisis deepens.
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Swedish economy hit by eurozone troubles
Business & Money: 29 Feb 12
Sweden's economy contracted in the last quarter of 2011, shrinking by 1.1 percent compared to the previous quarter and showing the export-dependent economy's vulnerability to the eurozone crisis.
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'CEOs earn in a year what workers earn in a lifetime': union
Business & Money: 29 Feb 12
CEOs in Sweden earn on average in one year what manufacturing workers stand to earn in their entire lifetimes, according to a report from Sweden's main trade union group.
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Handelsbanken posts strong 2011 report
Business & Money: 15 Feb 12
Handelsbaken, Sweden's second largest bank, on Wednesday reported much-improved earnings for 2011, largely thanks to a drop in credit losses.
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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.
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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).
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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.
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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.
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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.
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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.
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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".
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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'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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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'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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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".
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Latest news about gambling laws and online gambling sites in Sweden
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