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'Immature banks jeopardize Sweden': Borg
banks

'Immature banks jeopardize Sweden': Borg

Swedish Finance Minister Anders Borg has said the country's banks have turned a deaf ear to repeated pleas for steeper capital requirements, with the government now ready to legislate to get them to comply.
Banks must heed long-term risks: Riksbank
banks

Banks must heed long-term risks: Riksbank

Sweden's central bank, the Riksbank, on Monday said Swedish banks were weathering the current financial storm well compared to their European colleagues, but still sought a greater focus on capital and liquidity as a bulwark against the long-term impact of financial instability.
Swedish banks face 'heavy hand': Borg
banks

Swedish banks face 'heavy hand': Borg

Sweden’s Finance Minister Anders Borg told Swedish banks on Tuesday that they will face tougher regulations year-by-year for the foreseeable future, as he addressed the Nordic Bank Summit in Stockholm.
Tougher demands for Sweden's biggest banks
banking

Tougher demands for Sweden's biggest banks

Sweden on Friday announced plans to beef up the capital adequacy requirements for the country's four largest banks to levels higher than required by international regulations in an effort to help protect the Swedish banking system amid the ongoing eurozone debt crisis.
Euro crisis a threat to Swedish banks: Borg
banking

Euro crisis a threat to Swedish banks: Borg

Sweden may have some of the strongest public finances in Europe but its banks are more vulnerable than most in the current euro debt crisis, Finance Minister Anders Borg said in an interview published Wednesday.
Rate rises to hit homeowners
Property

Rate rises to hit homeowners

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. But mortgages fixed for three years or more will become cheaper, SBAB said.