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February 14, 2012
Swedbank
The following articles have been tagged with "Swedbank":
Swedbank in massive Latvia write down
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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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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Sweden to play England to open Swedbank Arena
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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Reinfeldt: danger not over for the euro
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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Ericsson shares surge on strong earnings report
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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Ericsson to sell stake in Sony Ericsson: report
Business & Money: 7 Oct 11
Sweden's Ericsson is nearing a deal to sell its stake in the Sony Ericsson mobile phone joint venture to Japanese consumer electronics giant Sony, according to a media report.
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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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Volvo Trucks to refine performance indicators
Business & Money: 22 Sep 11
Sweden's Volvo Group, the world's second-largest truck maker, announced on Thursday plans to begin using new financial targets measuring not only growth but also how it fares against key competitors.
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Swedes enjoy four decades of prosperity
Business & Money: 6 Sep 11
Swedish households have seen their wealth grow in the past four decades, although many Swedes have seen their debts increase as well, according to new figures from Swedish bank Swedbank.
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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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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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Stockholm stock market in shaky opening
Business & Money: 8 Aug 11
As expected the Stockholm stock exchange opened sharply down on Monday although after an hour's trading had rebounded into positive territory as the market battled to digest the weekend's global finance developments.
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'Sweden will be affected by the crisis': experts
Business & Money: 8 Aug 11
Experts say Sweden won't avoid being affected by the turbulence in the world economy and the Social Democrats called for a meeting of the Riksdag’s financial committee to discuss the situation.
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Malmö sets sights on Champions League
Sport: 2 Aug 11
Swedish champions Malmö FF hosts Glasgow Rangers on Wednesday evening hoping to preserve their lead from the first leg and take a huge step to becoming the first Swedish team to qualify for the Champions League in 14 years.
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Football hooliganism prompts 'strike' threat
Sport: 1 Aug 11
Malmö FF striker Dardan Rexhepi has called for the authorities to act decisively to tackle the growing problem of hooliganism in Swedish football, threatening to strike if nothing happens to curb the trend.
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Swedish football hooligans strike again
Sport: 31 Jul 11
A hotly contested Allsvenskan football match between Malmö FF and Stockholm's Djurgården was terminated after only 12 minutes of play Saturday afternoon after several fireworks were thrown onto the pitch.
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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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'Big, hairy animal' tries to rob Swedish bank
Society: 7 May 11
Gothenburg police were outrun by a man dressed like a large, furry animal after he attempted to rob a bank Friday evening.
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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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Pensioner revolt over bank's 'cashless' bid
Business & Money: 14 Apr 11
A pensioners' rights group in central Sweden has accused a Swedish bank of discrimination over plans to end cash handling services at local branch offices.
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Swedes suffer drop in disposable income
Business & Money: 9 Mar 11
The majority of Swedes will experience a drop in their disposable incomes this year in comparison to 2009, with higher mortgage costs to blame, according to a new report.
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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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Boost for Swedes' charitable giving in 2010
Business & Money: 21 Feb 11
Charitable giving in Sweden in 2010 may reach record levels, according to preliminary statistics, approaching levels not seen since the year following the tsunami catastrophe in southeast Asia.
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Swedbank bounces back into the black
Business & Money: 8 Feb 11
Swedish bank Swedbank surprised analysts on Tuesday with 2010 figures showing that the country's fourth largest bank was back in profit.
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Profits mount at Sweden's SEB bank
Business & Money: 4 Feb 11
Sweden's third-largest bank, SEB, reported bumper profits on Friday thanks to a sharp reduction in credit losses in the Baltic countries.
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Swedish watchdog fines two banks over funds
Business & Money: 20 Jan 11
The Swedish Financial Supervisory Authority has fined both Swedbank and Handelsbanken for shortcomings in their depositary bank functions, the agency said in a statement on Thursday.
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Swedes shy away from stock market: study
Business & Money: 19 Jan 11
The number of Swedes playing the stock market dropped in 2010, according to new statistics, while telecom firms Ericsson and TeliaSonera topped the list of Swedish firms with the most shareholders.
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Swedish trade surplus continues to swell
Business & Money: 29 Dec 10
Sweden boasted a trade surplus of 10 billion kronor ($1.4 billion) for November, nearly a five-fold increase from November of last year, statistics published on Wednesday reveal.
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Swedish optimism on economy grows
Business & Money: 25 Nov 10
A research institute has revealed that while optimism among Swedes regarding the country's economy has increased, they are feeling less positive about their own household finances.
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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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Multicultural football team unites Malmö
Lifestyle: 5 Nov 10
With Malmö’s football club poised to win Sweden’s top-flight Allsvenskan football league, The Local’s Peter Vinthagen Simpson looks at how the team's multicultural make up has united a city that is so often cited as a negative example of the challenge of integration.
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Swedbank leaps on strong interim report
Business & Money: 21 Oct 10
Sweden's Swedbank stock jumped on Thursday after the firm posted stronger-than-expected third quarter operating profit, lower credit losses and a profit in the Baltics for the first time since late 2008.
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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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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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Bank robber shot by Swedish police
National: 15 Sep 10
A 19-year-old man suspected of robbing a branch of Swedbank south of Stockholm on Wednesday and taking a woman hostage, was shot and wounded by police after suspicions emerged that he was carrying explosives.
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Swedish inflation drops slightly in August
Business & Money: 9 Sep 10
Consumer prices remained unchanged between July and August, according to Statistics Sweden with the annual inflation rate dropping to 0.9 percent, down from 1.1 percent in July.
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Uncertain future after bank liquidation
Business & Money: 30 Aug 10
The administrator of the collapsed HQ Bank has said he wants to find a new owner who can keep the business running.
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Billionaire Icahn part of 5% stake in Swedbank
Business & Money: 23 Aug 10
Venture capital company Cevian Capital, led by Christer Gardell, and American billionaire Carl Icahn have together bought 4.64 percent of the shares in Swedbank, according to a disclosure notice on Monday.
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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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Terminally ill woman can get pension early
Society: 21 Jul 10
A terminally ill woman with cancer who was denied the right to withdraw her personal retirement savings account prematurely by the Tax Agency (Skatteverket) will now be allowed to do so, media reports said late on Tuesday.
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Terminally ill woman denied early pension
Society: 16 Jul 10
The Swedish tax agency has rejected the request of a 40-year-old terminally ill cancer patient who wanted to cash in her pension account early in order to travel with her family while she still had the strength.
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Ibrahimovic returns to Swedish national team
Sport: 16 Jul 10
Barcelona star Zlatan Ibrahimovic is set to return as captain of the Swedish national team after a nine month absence, the Swedish Football Federation confirmed at lunchtime on Friday.
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SEB 'has turned the page' in Baltics
Business & Money: 13 Jul 10
Sweden's SEB bank on Tuesday posted higher-than-expected second quarter profits and said it had "turned the page" in the Baltic countries.
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Riksbank raises repo rate to 0.5 percent
Business & Money: 1 Jul 10
Sweden's central bank, the Riksbank, has raised its key interest rate by 0.25 percentage points to 0.5 percent on Thursday, matching most analyst estimates.
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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.
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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.
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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.
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Tax agency grants day's grace
National: 4 May 10
The Swedish Tax Agency has extended the deadline for the submission of tax returns for those unable to file online on Monday after the system proved unable to cope with the high demand.
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Tax agency swamped with online declarations
Business & Money: 3 May 10
The Swedish Tax Agency website struggled to cope on Sunday as large numbers of people filed last minute online declarations, with many greeted with a message to try again in 15 minutes.
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Swedbank pulls out of state bank rescue plan
Business & Money: 9 Apr 10
Swedbank's board has announced that the bank will leave the Swedish government's bank rescue programme with immediate effect as the bank credit market has stabilized.
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Swedish couples pay the price of marriage
Business & Money: 7 Apr 10
Some 48,000 Swedes tied the marital knot in 2009, with most couples footing the bill themselves, a new report shows.
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Riksbank off base with finance crunch rate hikes
Business & Money: 15 Mar 10
The Swedish Riksbank has concluded that while everyone failed to see the impending finance crunch, it's own board was furthest behind when it raised interest rates just weeks before the Lehman Brothers bankruptcy.
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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.
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UK mag announces Sweden's 'most trusted brands'
Business & Money: 24 Feb 10
Reader's Digest, a UK consumer magazine, has presented its survey listing Sweden's most trusted brands in a raft of categories.
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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.
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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.
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Swedbank reports heavy losses
Business & Money: 9 Feb 10
Swedbank has reported a bigger than expected operating loss of 1.6 billion kronor ($226.7 million) for the final quarter of 2009, yet the bank's CEO Michael Wolf sees opportunities for profits in 2010.
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Swedbank to ditch bonuses for 2009
Business & Money: 27 Jan 10
Swedbank has decided to scrap its 2009 bonus payments, bowing to criticism that Swedish banks had not done enough to trim variable compensation despite lower earnings.
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Swedbank boss bows out on full salary
Business & Money: 15 Jan 10
Under-fire chairman Carl-Eric Stålberg is to be replaced, Swedbank announced on Friday but will to continue to receive his 3,1 million kronor ($441,000) yearly earnings until early 2011.
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Renewed criticism over Swedish bank bonuses
Business & Money: 11 Jan 10
Bonus payments increased at Sweden’s four largest banks last year, despite a sharp drop in the banks’ results, according to an ongoing review by the Swedish financial authorities
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Bank gives porn site link to Swedish school kids
Society: 18 Dec 09
A Swedish bank inadvertently published a link to a porn site in a magazine distributed to hundreds of thousands of Swedish school children.
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Rate fears put freeze on Swedish housing market
Business & Money: 10 Dec 09
A wintery chill has swept over Sweden’s previously sizzling real estate market, with prices for both houses and apartments dropping in November, new statistics show.
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Estonia agrees to repay emergency Swedbank loan
Business & Money: 29 Oct 09
Swedbank learned on Thursday that the government of Estonia was planning to repay the €50 million ($74 million) it borrowed from the Swedish bank to help it through the country’s economic crisis.
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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.
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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.
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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.
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Swedish banks warned on Latvian economy
Business & Money: 3 Oct 09
Sweden’s finance minister Anders Borg is reported to have held secret talks with Swedbank and SEB, expressing his concern over Latvia's struggling financial situation.
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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.
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Economy on track despite August hiccup
Business & Money: 1 Sep 09
The Purchasing Managers’ Index, which measures the manufacturing industry business cycle, fell in August to 52.4 from 54.3 in the previous month. An index over 50 indicates economic growth.
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Collapse in Swedish residential construction
Business & Money: 19 Aug 09
Residential construction collapsed by 45 percent during the first half of 2009, new figures show. Analysts warn of housing shortages and high prices as a result.
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US owners take major stake in Volvo Group
Business & Money: 17 Aug 09
American investment firm Capital Group has become AB Volvo's second largest shareholder increasing its stake to six percent of the Swedish truck manufacturer.
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Swedbank announces massive rights issue
Business & Money: 17 Aug 09
Swedish bank Swedbank has announced a 15 billion kronor ($2 billion) guaranteed preferential rights issue, according to a company press release on Monday.
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Two Swedish banks surprise on the upside
Business & Money: 21 Jul 09
Sweden's two largest banks exceeded market expectations, with Nordea and Handelsbanken both boasting profit increases in their second quarter reports on Tuesday.
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Baltic losses force cuts at Swedbank
Business & Money: 17 Jul 09
Swedbank has announced it will slash 3,600 jobs after a bigger-than-expected second quarter loss of 1.8 billion kronor ($228 million), as it felt the impact of massive provisions related to its Baltic business.
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What's on in Sweden: June 26 - July 2
Lifestyle: 24 Jun 09
What's on in Sweden: Bunny Wailer (JAM) and The Pet Shop Boys (UK) in Stockholm; heavy metal festival & A Camp in Gothenburg; Atmosphere (US) in Malmö.
READ »
Euro support hits six-year high: poll
Business & Money: 23 Jun 09
Support for Sweden joining the eurozone has reached its highest point since the 2003 referendum, with voters in favour of retaining the krona maintaining a lead of just one percentage point in a new poll.
READ »
What's on in Sweden: June 19 - 25
Lifestyle: 18 Jun 09
What's on in Sweden: Morrissey & Midsummer fun in Stockholm; AC/DC & Euro 2009 U-21 football in Gothenburg; Yasmina Reza's ART in Malmö.
READ »
What's on in Sweden: June 12 - 18
Lifestyle: 11 Jun 09
What's on in Sweden: Neil Young & Ikea exhibition in Stockholm; Euro 2009 U-21 football in Gothenburg; Orchestra Baobab in Malmö.
READ »
H&M family stock portfolio 'larger than Swedish state's'
Business & Money: 5 Jun 09
The family which owns clothing giant Hennes & Mauritz is now on a par with the Swedish state as the largest shareholder on the Stockholm stock exchange.
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Latvia fears prompt rollercoaster ride for Swedish bank shares
Business & Money: 4 Jun 09
Share prices of Sweden’s leading banks recovered somewhat on Thursday after major drops on Wednesday in the wake of fears that Latvia may devalue its currency.
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Swedish banks able to survive increased losses: Riksbank
Business & Money: 2 Jun 09
While Swedish banks are expected to suffer increased losses due to the credit crisis through 2010, the Riksbank believes the country’s banks have sufficient capital to deal with the situation.
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Krona slides further on Baltic economy worries
Business & Money: 28 May 09
Concerns about economic developments in the Baltic region are the likely cause of the krona’s steady slide in recent days, according to several experts.
READ »
Estonia signs loan deal with Swedbank
Business & Money: 21 May 09
Recession hit Estonia has signed a multi-million euro loan deal with Swedish bank Swedbank, the Tallinn government confirmed on Wednesday.
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Scam targets Swedish PM's mother-in-law
Society: 19 May 09
The mother-in-law of Swedish prime minister Fredrik Reinfeldt has been caught out in an elaborate swindle - two thieves sold her apartment without her knowledge.
READ »
Ticket fuels stock exchange surge
Business & Money: 18 May 09
The Stockholm Stock Exchange's recent recovery gained fresh momentum on Monday, as Sweden's major banks and the Ticket travel agency chain all saw their stocks rise.
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Latvia police probe targets Swedish banks
Business & Money: 8 May 09
Aggressive methods employed by Swedish banks for collecting money from borrowers in Latvia are the subject of a police investigation, according to the Latvian prime minister.
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Economic outlook brighter: report
Business & Money: 4 May 09
The Purchasing Managers' Index (PMI), which indicates Swedish industrial activity, climbed in April for the fourth consecutive month raising hopes of economic recovery.
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SEB files for state funds as profits collapse
Business & Money: 24 Apr 09
Swedish bank SEB said on Friday that it would seek to join the state-backed guarantee programme after reporting a 44 percent decline in net profits for the first quarter.
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Swedbank reports huge first quarter losses
Business & Money: 23 Apr 09
Major Swedish bank Swedbank has reported an operating loss of 3.36 billion kronor ($400 million) for the first quarter. The huge losses caused the Stockholm bourse to drop in early trading.
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Svartenbrandt remanded into custody for robbery
National: 12 Apr 09
Lars-Inge Svartenbrandt, a 63-year-old with a long criminal history, was remanded into custody on Sunday on suspicion of the armed robbery of a Swedbank branch in Säter in central Sweden.
READ »
Notorious criminal arrested for robbery
National: 9 Apr 09
Lars-Inge Svartenbrandt, a 63-year-old with a long criminal history, is one of two individuals arrested for the armed robbery of a Swedbank branch in Säter in central Sweden, according to the police in western Sweden.
READ »
Armed bank robbery in Dalarna
National: 8 Apr 09
Swedbank's office in Säter in central Sweden was robbed at gunpoint just after noon on Wednesday.
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Baltic banking crisis damages SEB standing
Business & Money: 8 Apr 09
Moody's ratings agency has downgraded its rating of SEB due to the Swedish bank's exposure to the financial crisis in Lithuania, Latvia and Estonia.
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Sweden extends bank rescue plan
Business & Money: 2 Apr 09
Sweden's government announced on Thursday a six month extension to the 1.5 trillion kronor ($183.8 billion) bank rescue plan that was announced in October.
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Swedish banks pay out billions in bonuses
Business & Money: 1 Apr 09
Sweden's main banks, some of which have requested state assistance to help cover substantial losses, have rewarded employees for their performance in 2008 with a total of 5.7 billion kronor ($690 million) in bonuses.
READ »
Swedes have less trust in banks: study
Business & Money: 16 Mar 09
Swedes’ confidence in their banks has been devastated by the current financial crisis, prompting roughly one in five customers to change their savings habits, a new study shows.
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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