Nordea

Nordea Fined 155 Million Danish Kroner in Denmark Money Laundering Case

Nordea has been convicted of violating Denmark’s Anti-Money Laundering Act after a lengthy trial. The Helsinki-based major bank will be fined 155 million Danish kroner, according to the verdict.

Stockholm Stock Exchange Reverses Early Losses to Close 1% Higher After US Midterm Elections

After the US election, stock markets around the world rose and oil prices fell. The Stockholm Stock Exchange’s OMXS index reversed course and closed 1 percent higher.

Norway’s Consumer Council Sues Nordea Over Unpaid Interest Compensation

Ericsson Shares Rise 6.8% as Stockholm Market Falls for a Second Day

The decline on the Stockholm Stock Exchange continued. Ericsson went against the trend on Thursday, surging 6.8 percent after its report.

Nordea Warns Rising Interest Rates Could Weigh on Consumer Confidence

Major bank Nordea warns that rising interest rates could affect consumer confidence in the coming months.

Strong earnings may not send stocks soaring as investors weigh company outlooks

Expectations are high for corporate earnings as the reporting season begins. Analysts are less certain that the results will actually lift share prices. “I’d say expectations are quite high, both in Sweden and internationally,” says Jon Arnell, an investment manager at von Euler & Partners.

Handelsbanken and Swedbank Ranked World’s Safest Banks in Global Finance List

Swedish major banks have climbed significantly in this year’s ranking of the world’s 50 safest commercial banks, compiled by industry magazine Global Finance. Handelsbanken and Swedbank take first and second place, respectively.

Swedish Economy Grows 1.1% in August, Beating Forecasts

The Swedish economy grew by 1.1 percent in August compared with the previous month, according to a GDP indicator from Statistics Sweden (the national statistics agency).