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Nordea
Bank Slips Up, Must Compensate Customer for Swish Fraud
Nordea does not need to compensate a customer who lost 100,000 kronor in a fraud that occurred via the payment service Swish. This is stated by the Stockholm District Court in a verdict.
Swedish mortgages stand out: "Extremely interest-rate sensitive"
Sweden has a unique system where mortgage borrowers during crises get the entire interest rate shock directly in their pocket. It is a significant reason why the Swedish economy has performed the worst in the Nordic region, says Norwegian economist Kjetil Olsen.
How much the banks lower the mortgage rate
Between 0. 10 and 0.
Major Banks Lower Mortgage Rates
Several major banks are now lowering their variable mortgage rates following the Swedish Central Bank's double rate cut. SEB is lowering by 0.
Central Bank Economist: Central Bank Cuts Interest Rate Too Late
Good, but too late, is the comment of trade union economist Tobias Brännemo on the Swedish Central Bank's interest rate decision. That such a large reduction is coming now is a clear sign that the Swedish Central Bank realizes that they lowered too little earlier.
Inflation upswing does not threaten interest rate cuts
Inflation, according to the measure KPIF, rose in October to 1. 5 percent.
The Banks' New Grip in the Battle for Mortgage Customers
When the Swedish Central Bank is expected to lower the interest rate this week, some banks have already gone ahead and adjusted their rates downwards – "a new grip" according to savings economist Christina Sahlberg at Compricer. .
Largest Interest Rate Cut in Ten Years Expected
Everything points to the Swedish Central Bank making a double cut in the interest rate on Thursday. It would be the largest interest rate cut in over ten years.
Nordea's services are working again after attack
The digital services of the major bank Nordea were affected on Friday evening by technical problems due to an overload attack, which made it impossible for customers to log in, either on the mobile bank or the online bank. The problems were resolved shortly after 9 pm.
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.
Better than expected for Handelsbanken
Handelsbanken exceeds market expectations in its latest interim report. Both the profit and revenues were higher than expected.
More Swedes have better housing economy
Many homeowners' personal finances have improved since the price shock in society has subsided, according to a survey from Nordea. "It is reassuring that more and more people can afford increased costs.
Volvo CEO predicts stability in 2025
The truck manufacturer Volvo is reporting a worse result than expected, but the stock price is holding steady. The low-conjuncture has taken hold, but Volvo's CEO is counting on a decent 2025.
Nordea's CEO sees positive signals
The major bank Nordea's share price surges significantly on the stock exchange following unexpectedly strong figures in the report for the third quarter. CEO Frank Vang-Jensen sees plenty of positive signals in Sweden – and the Nordic region.
Nordea pulls the Stockholm stock exchange upwards
The Stockholm stock exchange rose slightly on Thursday. The broad OMXS index closed at 0.
Decreased profit for Nordea – but better than expected
Net interest income and profit are being pushed down for Helsinki-based major bank Nordea, but not as much as feared. Business volumes are stable and customer activity is good, according to CEO Frank Vang-Jensen.
These are the risks on the stock market right now
It looks shaky ahead of the reporting season, which kicks off this week. The German automotive industry has set the tone with a series of profit warnings.
Decline on the Stockholm Stock Exchange – Saab plummeted
The Stockholm Stock Exchange turned downward on Thursday and at the close, the OMXS index stood at minus 1. 11 percent.
After several hours of downtime: Nordea's problem solved
Nordea's customers could not log in, make Swish payments or pay by card for several hours on Tuesday. .
Lowest Inflation in Almost Five Years
Inflation fell to 1. 1 per cent in September according to preliminary figures from Statistics Sweden (SCB).
Despite Stock Market Rally – Great Uncertainty Surrounding China
China's stock exchanges are soaring after the latest stimulus measures. However, it is highly uncertain whether this is the turnaround for the world's second-largest economy.
Fake Swish - how to avoid being scammed
Reports of fake Swish apps are emerging in several locations around the country. They are difficult to stop and it's easy to get deceived in stressful situations.
Nordea's problem solved
Nordea's technical problems are now resolved, the bank's press department informs TT. Earlier in the day, some of the bank's customers had difficulties logging in to the bank.
Your savings rate is back to zero again
It was small, and now it's back to zero again - the interest rate on major banks' salary accounts. Move your money, advises the central bank governor.
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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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