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Nvidia CEO Jensen Huang Visits Sweden to Launch Sferical One Supercomputer
Business News

Nvidia CEO Jensen Huang Visits Sweden to Launch Sferical One Supercomputer

Several AI leaders have raised the alarm after so-called AI agents escaped and caused data breaches. Nvidia CEO Jensen Huang is not among them
SEB to Pay $33 Million to New York Regulator, Ending Investigations into Historical Processes
Business News

SEB to Pay $33 Million to New York Regulator, Ending Investigations into Historical Processes

SEB has reached an agreement with New York authorities, ending their investigations into the bank’s historical processes.
South Korean Stocks Plunge 7.5% as Asian Markets Slide on Rate and AI Debt Fears
Business News

South Korean Stocks Plunge 7.5% as Asian Markets Slide on Rate and AI Debt Fears

Asian stock markets, especially South Korea’s, are falling sharply. Concerns about interest rate hikes and AI companies’ debt are among the factors behind the declines
SEB Falls 4.6% as Stockholm Market Rises, After Swedish Regulator Raises Capital Requirements
Business News

SEB Falls 4.6% as Stockholm Market Rises, After Swedish Regulator Raises Capital Requirements

Major bank SEB fell sharply on the Stockholm Stock Exchange after being reprimanded by the Swedish Financial Supervisory Authority (the financial regulator). The broad OMXS index, however, rose 0
FI Raises Capital Requirements for SEB After Finding More Extensive Credit Model Deficiencies
Business News

FI Raises Capital Requirements for SEB After Finding More Extensive Credit Model Deficiencies

The Swedish Financial Supervisory Authority (FI) has temporarily increased the capital requirements for major bank SEB after identifying more extensive deficiencies in the bank’s credit risk models than previously known.
Handelsbanken and Swedbank Ranked World’s Safest Banks in Global Finance List
Business News

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
SEB and Nordea Lent SEK 14 Billion to Companies Operating in the Arctic, Report Says
Sweden News

SEB and Nordea Lent SEK 14 Billion to Companies Operating in the Arctic, Report Says

In the past two years, the major Swedish banks SEB and Nordea have lent 14 billion kronor (about $1. 3 billion) to fossil fuel companies operating in the Arctic, according to a report from Fair Finance Guide
Sweden’s Inflation More Than Doubles, November Rate Hike Expected
Business NewsTop News

Sweden’s Inflation More Than Doubles, November Rate Hike Expected

Higher energy prices and a weaker krona contributed to more than a doubling of CPIF inflation in September, preliminary figures from Statistics Sweden (Sweden’s national statistics agency) show. The figures confirm that the Swedish Central Bank (Sweden’s central bank) will have to raise the policy rate in November, according to Susanne Spector, chief economist at Danske Bank
Johan Torgeby steps down as SEB CEO after nearly 10 years, Jonas Ahlström named acting chief executive
Business News

Johan Torgeby steps down as SEB CEO after nearly 10 years, Jonas Ahlström named acting chief executive

Johan Torgeby is stepping down as president and CEO of SEB. The board has appointed Deputy CEO Jonas Ahlström as acting CEO
More Swedish Households Consider Fixing Their Mortgage Rates as Riksbank Signals Rate Rises
Business News

More Swedish Households Consider Fixing Their Mortgage Rates as Riksbank Signals Rate Rises

SEB's housing price indicator shows that more and more households are considering fixing their variable mortgage rates.
Rising oil prices and market rates send Stockholm Stock Exchange lower
Business News

Rising oil prices and market rates send Stockholm Stock Exchange lower

Oil prices and market interest rates rose on Monday, causing the Stockholm Stock Exchange to fall. The broad OMXS index fell 0
Riksbank signals two or three more rate hikes as inflation risks rise
Business NewsTop News

Riksbank signals two or three more rate hikes as inflation risks rise

Heavily indebted households and companies should brace for higher interest rates. The Swedish Central Bank's own forecast has the main scenario of raising the key interest rate two or three times, starting before the end of the year
SEB raises fixed mortgage rates, leaving variable rate unchanged
Business News

SEB raises fixed mortgage rates, leaving variable rate unchanged

SEB is raising interest rates on its fixed-rate mortgages, the bank says on its website.
Stockholm Stock Exchange rises as oil prices fall
Business News

Stockholm Stock Exchange rises as oil prices fall

The Stockholm Stock Exchange ended the first trading day of the week in positive territory. At the close, the broad OMXS index had risen 1
After the election, how your wallet could be affected by the red-green promises
Business NewsTop News

After the election, how your wallet could be affected by the red-green promises

Bank tax, baby allowance and cheaper bus passes. This could become a reality if the red-green parties fulfill their election promises
Market sees five more interest rate hikes from Sweden’s central bank by 2027
Business News

Market sees five more interest rate hikes from Sweden’s central bank by 2027

The market expects the Swedish Central Bank to raise the policy rate five times to around 3. 00 percent by the end of 2027, according to a report from major bank SEB
Fed raises key interest rate, defying Trump as inflation stays high
Business NewsTop News

Fed raises key interest rate, defying Trump as inflation stays high

A united US central bank led by new chair Kevin Warsh is going against President Donald Trump and raising the key interest rate by a quarter of a percentage point. Trump is unhappy and is now demanding that interest rates be lowered quickly
US rate freeze could push up Swedish mortgage costs
Business News

US rate freeze could push up Swedish mortgage costs

The U. S
Here are the key challenges facing Sweden’s next finance minister
Business NewsTop News

Here are the key challenges facing Sweden’s next finance minister

Trump, climate, AI and competitiveness. Regardless of who becomes finance minister in the coming years, there are many challenges awaiting the Swedish economy
ECB signal and US inflation could push up Swedish mortgage rates
Business News

ECB signal and US inflation could push up Swedish mortgage rates

Clear signals of future interest rate hikes from the European Central Bank (ECB) or an unexpectedly high US inflation figure could eventually push up mortgage rates in Sweden. A first step could be for the Swedish Central Bank, in two weeks, to signal an interest rate hike later this year
Lower-than-expected August inflation closes the door to a September Riksbank rate hike, SEB says
Business NewsTop News

Lower-than-expected August inflation closes the door to a September Riksbank rate hike, SEB says

Inflation in August came in lower than expected. This now completely closes the door to a possible interest rate hike in September, according to SEB senior economist Robert Bergqvist
Households expect the Swedish central bank to raise interest rates, SEB survey shows
Business News

Households expect the Swedish central bank to raise interest rates, SEB survey shows

Households increasingly believe that the Swedish Central Bank is expected to raise interest rates.
Parties shower households with election pledges, but economists warn of a downside
Sweden News

Parties shower households with election pledges, but economists warn of a downside

The parties are pouring billions into the election campaign to support voters' wallets. But many economists are critical
AI could cut banking jobs, SEB warns
Business News

AI could cut banking jobs, SEB warns

AI developments could hit the labor market hard in the banking sector.
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