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Interest Rate Shock Gave Banks 80 Billion in Extra Profit
The banks have earned 80 billion kronor in extra profits from the recent years' interest rate shock. .
Major Banks' Profits Increase Again
The major banks' profits are increasing despite the lower interest rates. When the profitability of mortgage loans is squeezed, the banks find other revenue streams.
So much cash you must have at home in case of crisis
Soon, all households will receive the new brochure "If crisis or war comes" where all Swedes are urged to be able to manage without help from society for at least a week. This also applies economically, says Moa Langemark at the Financial Supervisory Authority.
100,000 tickets sold for the Ski World Championship
Ski World Championship in Trondheim this winter has so far sold 100,000 tickets, reports Adresseavisen. The milestone came as a pleasant surprise, as the Norwegian organizer had hoped to reach the number before the final inspection by the International Ski Federation, FIS, on October 15.
This is the threat to the entire skiing sport
Shrinking glaciers, bare mountains and competitions being washed out. Ski sports are facing a dark future due to climate change, warns the International Ski and Snowboard Federation (FIS) and the World Meteorological Organization (WMO).
The Hawala System May Become Illegal: "Cold Shower"
A new proposal wants to make it criminal to conduct hawala business without a permit. The inquiry also wants to make it more difficult to transfer large sums of money out of Sweden.
Confirmed: Hirscher gets wildcard for comeback
In the spring, the former alpine star Marcel Hirscher decided to make a comeback. The Austrian will compete for the Netherlands this winter, which is his mother's country of birth.
Russian skiers still banned
Even in winter's international skiing competitions, it is a stop for Russian and Belarusian skiers. The decision was made public during the International Ski Federation's (FIS) meeting in Zurich.
No World Cup competition in Ulricehamn this winter
It will be Italian Cogne and not Ulricehamn that will take over the vacant World Championship weekend in cross-country skiing on January 31-February 2, 2025. After the Czech Nove Mesto dropped out as the organizer, Ulricehamn raised its hand to replace, but after a vote at the International Ski Federation's (Fis) meeting on Friday, the task was given to Cogne, reports NTB.
Despite the interest rate cut - a fixed mortgage rate "isn't wrong"
Despite today's expected interest rate cut and a continued low interest rate ahead – the calculations show that a fixed interest rate can be advantageous in the current situation. If you only look at the cost, it's not obviously wrong to perhaps choose a fixed rate for three, four, or five years, says SBAB's chief economist Robert Boije.
Sweden wants to take over – but seems to be getting rejected
It does not seem that there will be another World Cup competition in cross-country skiing on Swedish soil this winter. This despite Ulricehamn offering to replace Nove Mesto, which has pulled out.
Karlsson on Russian skiers: "It's a dilemma"
Russian cross-country skiers should still be banned from the World Cup and championships, believes Swedish star Frida Karlsson. At the same time, she wonders how the skiers in Russia are doing.
The Pampen Stops: "Tone-Deaf to Active Athletes"
The International Olympic Committee's (IOC) President Thomas Bach is stepping down next year. Something that delights biathlete Sebastian Samuelsson.
Swedish-British Billionaire Can Become New IOC President
The International Olympic Committee's (IOC) President Thomas Bach is stepping down next year. Swedish-Briton Johan Eliasch, newly appointed IOC member, is running to replace him.
The Government Wants to Stop Criminals' Money Flow
The Government is investing approximately another billion kronor to stop organized crime – primarily by targeting the criminals' driving force: the money, writes the Government representative on DN Debatt. .
Verdict against bank top executive praised - "the law works"
The Court of Appeal's verdict, where the former Swedbank CEO Birgitte Bonnesen is sentenced to one year and three months' imprisonment for gross fraud, is welcomed by the CEO of Aktiespararna, Joacim Olsson. According to Olsson, investors and the general public were misled by Bonnesen.
FI directs sharp criticism at Klarna
Klarna is working on a stock exchange listing. At the same time, the Financial Supervisory Authority (FI) is directing comprehensive criticism towards the payment giant's work against money laundering.
The Financial Supervisory Authority investigates three banks
The Financial Supervisory Authority will investigate how Santander Consumer Bank, DNB Bank's Swedish branches, and the branch bank Lån & Spar Sverige comply with the money laundering regulations. "Particular focus is on how the banks handle the risk of being used for financing terrorism", writes the FI in a press release.
Lower maximum interest rate – "Will make a difference"
The Financial Supervisory Authority views the government's tightening measures very positively to counteract over-indebtedness. The loans will not be able to grow as large as they want, says Anna Hult, senior lawyer at the Financial Supervisory Authority.
The Police Warn of Crime Risks with Neobanks
So-called neobanks run a high risk of being exploited for money laundering and terrorist financing, the police warn in a new report. We have a number of ongoing investigations into this type of company, says Petra Bonderud at the Financial Supervisory Authority.
Banks' profits on mortgages increase
Bankers' profits on the mortgage loan increase, according to new statistics. At the same time, figures show that the floating interest rate was higher in July than in June, despite the Swedish Central Bank's rate cut.
Debt collection claims on record high
More and more Swedes are having trouble paying their bills on time. The number of new debt collection claims is increasing and is now at record levels.
After the Dropout – Sweden Ready to Take Over
Ulricehamn is ready to take over as World Cup organizer in winter after Nove Mesto's withdrawal. We are interested if the question comes from the Swedish Ski Association, says Jesper Fritzson, chairman of the World Cup company Ulricehamn Ski Event.
Alecta may have breached rules in giant deals
The Financial Supervisory Authority (FI) preliminarily assesses that pension giant Alecta has breached several regulations in connection with investments, reports Dagens industri. .
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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