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SEB files for state funds as profits collapse

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

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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Swiss-Swedish ABB reports profits slump

Swiss-Swedish engineering giant ABB reported a 35 percent slump in net profits during the first three months of this year.

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Sweden's Investor cuts losses

Swedish holding company Investor reported on Wednesday that it had cut its net losses to 3.02 billion kronor ($368 million) for the first quarter.

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Swedbank posts lower profit

Swedish bank Swedbank reported on Thursday an operating profit of 2.408 billion kronor ($286 million) for the fourth quarter 2008 down from 4.110 billion kronor in the corresponding period of 2007.

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Nordea sees massive fall in profts

Nordic banking giant Nordea has announced plans for a new 2.5 billion euro ($3.2 billion) share issue after the company reported a 25 percent drop in net profit on Tuesday.

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Sweden's Handelsbanken reports plunging profits

Handelsbanken, one of Sweden's largest banks, has reported a fall in net profit of 29 percent for the fourth quarter.