Results for Sweden
- Nordea's Mega-Bank Branches Set Off Regulatory Finger Pointing
When the biggest Nordic bank turned its subsidiaries into branches, regulators in Finland, Denmark and Norway complained they were left with too-big-to fail operations but no power to rein them in. Oversight was instead left to Sweden. But the full conse ...
Daily Headline - global.abi.org - 03/05/2017 - 22:46 - 0 comments
- Ericsson Crisis Deepens As Profits Plunge 94%
The crisis at Ericsson deepened on Wednesday when the world’s biggest maker of mobile network equipment reported a 94 per cent plunge in quarterly operating profit and tumbling sales, the Irish Times reported. The Swedish company is struggling with a ...
Daily Headline - global.abi.org - 10/12/2016 - 21:06 - 0 comments
- Ericsson To Cut 3,000 Jobs In Sweden
Ericsson AB plans to cut 3,000 jobs in Sweden, a fifth of the workforce in its home country, as it curbs production to cope with shifting technology and stagnant demand for wireless-network equipment. The company will reduce manufacturing in the towns of ...
Daily Headline - global.abi.org - 10/04/2016 - 21:32 - 0 comments
- How Brexit Muzzled Bid to Pop a Property Bubble
keeps flowing thanks to the central bank’s ultraloose interest rate of minus-0.5%. To cool demand for ...
Daily Headline - global.abi.org - 07/06/2016 - 22:41 - 0 comments
- Swedish Bank Move Creates a Global Shudder
decision on Thursday by the Swedish central bank to lower its short-term rate to minus 0.50 percent from minus 0.35 percent, has heightened fears that brazen actions by central bankers are now making things ...
Daily Headline - global.abi.org - 02/12/2016 - 12:54 - 0 comments
- Bank Watchdog in Sweden Exposes Europe to Uncomfortable Truth
Sweden’s decision yet again to take the regulatory high ground is proving awkward for much of the rest of Europe. A director at the Swedish Financial Supervisory Authority last week dared to question the status quo of letting banks treat sovereign bonds ...
Daily Headline - global.abi.org - 11/02/2015 - 20:36 - 0 comments
- More Scandinavian Interest Rate Drama Ahead
The Federal Reserve’s inaction last week remains the main driver of market sentiment, at least for now — but attention will soon turn toward potential action at other central banks, the Financial Times reported. Not least in Sweden, where the Riksban ...
Daily Headline - global.abi.org - 09/21/2015 - 22:34 - 0 comments
- Riksbank Stefan Ingves Sees Flaws in Crisis-Busting Tools
has the lowest base rate in the world at minus 0.35 per cent. High quality global journalism requires ...
Daily Headline - abi_admin - 09/14/2015 - 12:32 - 0 comments
- Riksbank Expands QE To Boost Recovery
the Riksbank to cut its repo rate by 10 basis points from its current level of minus 0.25 per cent. ...
Daily Headline - global.abi.org - 04/29/2015 - 22:46 - 0 comments
- Oil Firm PA Resources Risks Liquidation After $259 Million Writedown
Swedish oil and gas firm PA Resources will write down the value of its assets by 2.1 billion Swedish crowns ($258.6 mln) due to the plunge in oil prices and may be forced to go into liquidation, the company said on Tuesday, Reuters reported. "The lo ...
Daily Headline - global.abi.org - 01/20/2015 - 23:24 - 0 comments