The European Securities and Markets Authority (ESMA) has fined Danske Bank, Nordea Bank, SEB, Svenska Handelsbanken and Swedbank €495,000 each and issued five public notices for negligently breaching the Credit Rating Agencies Regulation (CRAR). ESMA found that the five banks infringed the CRAR by issuing credit ratings without being authorised by ESMA to do so. […]
Swedish financial group Swedbank has hired Eva Trouin as head of Private Clients for its private banking in Sweden. Her appointment will be effective November 2018. Trouin is currently country head Sweden for Nordnet Bank and will rejoin Swedbank after she left the group in 2013 and where he held a number of positions in […]
The win by Donald Trump to become the next US president alongside a Republican controlled Congress could be “worse than Brexit” for financial markets, even if the worst symptoms may take some time to appear. That is the warning from Pär Magnusson, analyst at Swedbank, who is reported by local financial daily Dagens Industri to […]
Nansen Capital Partners, the asset manager set up by two of the original founders of Skagen, is reported to have acquired the business of Swedbank Asset Management in Norway. This would mean that six Robur funds would now be managed by Nansen Capital, which was set up by Tor Dagfinn Veen and Åge Westbø in […]
Equity analysts in Sweden are expressing fears that recent days’ closures of open ended property funds in the UK could spill over into a direct impact on the value of Swedish property assets. The link is based on the fact that several of the UK property funds affected are owners of equity in locally listed […]
Swedbank, the Swedish bank, has announced the departure of CEO Michael Wolf – explained as a change “made on the board’s initiative”. Wolf has been offered a notice period of 12 months, which will pay 75% of his salary, as well as an additional 75% in severence payment against his current stated salary of SEK13m […]
Data published by Swedbank suggest that investment funds constitute the most popular form of savings used by parents on behalf of their children in Sweden. Some 84% of parents to children aged 10-17 are saving in some form or other, the Swedish bank’s latest report into child savings suggests. Of these, savings in funds are […]
Swedbank CEO Michael Wolf has commented on the growth of mobile digital services, including the rapid rise in use of mobile fund trading by customers of the Swedish bank.
Swedbank and Sparbanken 1826 have rolled out an updated version of their mobile services platform, which will improve access to funds and fund transactions for Swedish customers.
Michel Schuurman from the Dutch CSR network MVO has discussed challenges to maintaining the current economic system in play, given factors such as population growth and resource depletion.
Cecilia Skingsley, chief economist at Swedbank, has given her view on the decision by the Executive Board of the Riksbank to hold Sweden’s repo rate unchanged at 1%and to make a downward adjustment to the repo-rate path.
Swedbank’s Cecilia Skingsley has commented on the deal meant to provide a bailout for Cyprus.