Swedish banks face million-crown fines

Ingrid Bonde, director-general of the Swedish Financial Supervisory Authority (Finansinspektionen) is expected to impose a fine of 1,000,000 crowns each on SEB and Handelsbanken for their poor customer information and costly fees for foreign payments.

Private life important for new recruits

Shorter and more flexible working hours are increasingly important for male university graduates to venture into a career, according to a recruitment survey conducted by Elisabeth Wallace, managing director of the recruitment agency Wallace & Co. The survey shows that men nowadays prioritise their families more than before.

Sharper weapon vs corruption

Corruption in Sweden has spread due to the refusal of those in the know to speak out, according to chief prosecutor Christer van der Kwast. As head of the anti-corruption unit, van der Kwast, who led the inquiry into the scandals at Skandia, believes that his organisation will be given broader powers to combat corruption.

SAS aircraft converted into emergency hospital

A unique Swedish project can become a humanitarian export product, reports DN. The project, which is backed by the government, plans to convert a SAS aircraft into a flying emergency and intensive care hospital capable of taking 36 patients.

Boliden builds up treasure chest for major deals

Boliden aims to raise 900 million in fresh capital from a new share issue to position the company for incoming major deals. At the same time the company’s major owner, Outokumpu, is selling shares worth roughly 1.7 billion crowns. Boliden’s shares fell 8 per cent to 27.40 crowns in the wake of the news.

More IT mergers expected

Administrative costs for publicly listed companies combined with thin trading volume are seen leading to more mergers and buyouts of smaller IT companies, according to veteran board director Birgitta Stymme Göransson.

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri


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