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H&M Stock Rises Amid Stockholm Market Decline
Business News

H&M Stock Rises Amid Stockholm Market Decline

The Stockholm stock exchange fell in afternoon trading on Tuesday and the broad OMXS index closed at minus 0,9 percent. Against the trend went clothing giant H&M, which rose 2,1 percent
Financial Supervisory Authority Reviews SSAB's 33.3 Billion Kronor Write-Down
Business News

Financial Supervisory Authority Reviews SSAB's 33.3 Billion Kronor Write-Down

Klarna's Valuation Tops 140 Billion Kronor Ahead of NYSE Debut
Business NewsTop News

Klarna's Valuation Tops 140 Billion Kronor Ahead of NYSE Debut

Klarna's introductory course on the New York stock exchange will be 40 dollars per share. This means a total valuation of Klarna of just over 15 billion dollars or approximately 142 billion kronor when the share is to start trading on Wednesday
Swedish Financial Authority Investigates Stock Fraud Targeting Small Investors
Business NewsTop News

Swedish Financial Authority Investigates Stock Fraud Targeting Small Investors

Swedish small investors are suspected to have lost hundreds of millions on stock exchange frauds where names like the central bank governor Erik Thedéen are used as bait. The Financial Supervisory Authority will now collect information from the banks to assess how large the losses have become
Klarna Plans New York Stock Exchange Listing with $13.6 Billion Valuation
Business NewsTop News

Klarna Plans New York Stock Exchange Listing with $13.6 Billion Valuation

The Swedish fintech conglomerate Klarna will be listed on the New York stock exchange, according to the company. The plan is to raise approximately 12 billion kronor in connection with the listing and the company is aiming for a total valuation of Klarna of approximately 129 billion kronor, according to the prospectus
Nine Arrested in Stockholm for Major Insider Trading Crimes
Business NewsTop News

Nine Arrested in Stockholm for Major Insider Trading Crimes

Nine people in the Stockholm area – many with family ties – have been arrested and detained suspected of serious insider crimes. The profits from the crimes are at a "level we have hardly seen before" – around 70 million kronor – according to Jonas Myrdal, leader of the preliminary investigation at the Economic Crime Authority (EBM)
FI to Combat Financial Crime Using AI Technology
Business News

FI to Combat Financial Crime Using AI Technology

The economic crime has increased and become more complex – which sets demands on the Financial Supervisory Authority's (FI) work. Now the authority wants to use AI to find the criminals
Norwegian Ski Jumpers Accept Three-Month Ban After Championship Scandal
Sports News

Norwegian Ski Jumpers Accept Three-Month Ban After Championship Scandal

The Norwegian ski jumpers Marius Lindvik and Johann Forfang, who during the World Championship in Trondheim were caught with manipulated suits, have both accepted a three-month suspension they were awarded by the International Ski Federation (FIS).
FI Cautions Against Trusting Stock Tips in Online Chats
Business News

FI Cautions Against Trusting Stock Tips in Online Chats

Be wary of stock chat participants who provide tips on stocks worth buying. Right now, the Financial Supervisory Authority is receiving many calls from consumers who have been deceived
Financial Authority Warns Most Swedes Against Buying Crypto
Business News

Financial Authority Warns Most Swedes Against Buying Crypto

The Bitcoin price is setting records and more and more Swedes are buying into crypto assets. Something the Financial Supervisory Authority advises "most" against
Cryptocurrency Interest Surges in Sweden Amid Record Bitcoin Levels
Business News

Cryptocurrency Interest Surges in Sweden Amid Record Bitcoin Levels

Bitcoin is traded at new record levels and the interest in cryptocurrencies is once again at the top in Sweden, above all among young men. The interest has really increased, no doubt about it, says Philip Scholtzé, savings economist at Avanza
Norwegian Ski Jumpers Face Further Penalties After Suit Scandal
Sports News

Norwegian Ski Jumpers Face Further Penalties After Suit Scandal

Norwegian ski jumping can be further penalized after the suit scandal at the home World Championship. The International Ski and Snowboard Federation (Fis) accuses two jumpers and three former leaders of various rule violations which can result in further suspensions and fines
Marius Lindvik Discusses Ski Jumping Suit Scandal Impact
Sports News

Marius Lindvik Discusses Ski Jumping Suit Scandal Impact

Ski jumping star Marius Lindvik was stripped of a silver after the suit scandal in the World Championship earlier this year. Now the Norwegian speaks out about the incident
Intergiro Bank Files for Bankruptcy Amid Permit Revocation
Business News

Intergiro Bank Files for Bankruptcy Amid Permit Revocation

Quick Loan Firms Oppose New Banking Regulations
Business News

Quick Loan Firms Oppose New Banking Regulations

Become a bank or cease operations. That's what the new law on consumer credits means for so-called quick loan companies – and for loan brokers
FI Fines Pricer for EU Market Abuse Regulation Breach
Business News

FI Fines Pricer for EU Market Abuse Regulation Breach

The price information company Pricer has breached the EU's Market Abuse Regulation, according to the Financial Supervisory Authority (FI).
Save Thousands on Your Mortgage by Reviewing Interest Rates
Business News

Save Thousands on Your Mortgage by Reviewing Interest Rates

It differs by thousands per year in interest costs at the major mortgage banks. At the same time, few Swedes choose to review their mortgage interest rate
Expert Tips for Managing Your Finances This Summer
Business News

Expert Tips for Managing Your Finances This Summer

Summer, sun and worry about one's own private economy. The Financial Supervisory Authority's consumer protection economist Moa Langemark lists five tips to get better control over the money already during the summer
Beware of Loan Scams: Financial Authority Issues Warning
Business News

Beware of Loan Scams: Financial Authority Issues Warning

With false promises of loans, scammers manage to deceive people out of thousand-kronor notes without ever paying out any loan. Now the Financial Supervisory Authority is warning about loan fee scammers
Swedes in Their 20s Consider AI for Investment Advice, Survey Finds
Business News

Swedes in Their 20s Consider AI for Investment Advice, Survey Finds

One of three Swedes in their twenties can imagine making investment decisions based on answers from AI, shows a survey from the Financial Supervisory Authority. But how good is the advice? We asked Chat GPT how we best invest 50,000 kronor
New Mortgage Rules Aim to Enhance Interest Rate Negotiations
Business News

New Mortgage Rules Aim to Enhance Interest Rate Negotiations

Now banks must inform their customers at least one month before the interest rebate on mortgages expires. We hope that this will give mortgage customers an honest chance to be able to negotiate their mortgage interest rate, says Moa Langemark at the Financial Supervisory Authority
Calle Halfvarsson Faces Fee for Late Registration Mistake
Sports News

Calle Halfvarsson Faces Fee for Late Registration Mistake

On the International Ski Federation's (FIS) website, it appears that Calle Halfvarsson has ended his career. But now he can calm everyone who has been worried – it's not true
Holmenkollen Race Changes Spark Concerns Over Track Mistakes
Sports News

Holmenkollen Race Changes Spark Concerns Over Track Mistakes

Ladies and gentlemen will compete at the same time in Holmenkollen's five-mile race. Then the Swedish track manager Anders Svanebo fears a greater risk of track mistakes
Swedish Bank Intergiro Loses Permit Over Terror Financing Risks
Business News

Swedish Bank Intergiro Loses Permit Over Terror Financing Risks

The Swedish online bank Intergiro has its permit revoked by the Financial Supervisory Authority (FI). This because it is deemed that there are high risks that the company's operations can be exploited for money laundering and financing of terrorism
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