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Swish Payment Issue Resolved After Three-Hour Disruption
The problem that stopped Swish payments has been solved, the company announces on its website. It lasted for nearly three hours.
Major Banks Differ on Swedish Interest Rate Cuts for 2023
There is great uncertainty surrounding the interest rate development during the year. Handelsbanken and Swedbank are counting on two cuts.
Swedbank Fined 12.5 Million Kronor by FI for Security Deficiencies
The major bank Swedbank has not lived up to the regulatory framework for security protection. Therefore, the bank must pay 12.
Stock Market Pauses Amid Trade War News as SBB Soars 40 Percent
The strong price increases have ebbed out after Monday's announcement about a pause in the trade war between China and the USA. The OMXS index, like leading European stock exchanges, closed near zero – The real estate company SBB rocketed 40 percent.
Fake Online Purchases Worth Millions Blocked by Authorities and Banks
The police, the Consumer Agency and the four major banks have together stopped thousands of purchases on fake online stores by starting to share information with each other. The collaboration, which took place at the end of the year, led to the total amount stopped being tens of millions of kronor higher than before.
Swedish Government Cuts GDP Growth Forecast Amid Tariff Concerns
The Government is writing down the GDP forecast. The Swedish economy is now expected to slow down further due to the tariffs.
Trump Announces First US-UK Trade Agreement
President Donald Trump's first trade agreement is in harbor. According to Trump, it's about an agreement between the USA and the United Kingdom.
Stock Market Stalls as Cloetta Jumps 10.4 Percent
The trend was negative on the major European stock exchanges on Wednesday, despite the news that ministers from China and the US would meet later in the week to discuss the trade war. The Stockholm stock exchange fluctuated around zero during the day, and the broad OMXS index closed 0.
Service Sector Recovery Stalls as Activity Declines Unexpectedly
The recovery in the service sector has come to a halt and activity in the sector is unexpectedly decreasing, according to the purchasing managers' index from Swedbank and Silf. The slowdown is weighing down development in the business sector.
Swedish Central Bank Lowers Interest Rate Twice This Year to 1.75%
The Swedish Central Bank lowers the interest rate twice this year, down to 1. 75 percent in September, according to a new forecast from Swedbank's economists.
Stronger Krona Eases Price Pressure in Swedish Industry
Despite economic uncertainty, there are positive tones within Swedish industry. Inflation tendencies are decreasing noticeably, shows an important business cycle measure.
Swedbank Swish App Issues Resolved for Customers
On Wednesday evening, many of Swedbank's customers experienced problems with the mobile app Swish. When customers tried to transfer money via the service, an error message about disruption appeared.
Stockholm Stock Exchange Rises Despite Evolution's 19% Stock Plunge
Walpurgis Eve's shortened trading day ended with a clear increase for the Stockholm Stock Exchange. The worse it was then for the live casino company Evolution.
Factory Giants Drag Down Stockholm Stock Exchange
The Stockholm stock exchange's broad OMXS index fell 0. 4 per cent on Tuesday, weighed down by declines in engineering companies whose results did not meet the forecasts.
Swedbank Exceeds Expectations as Share Price Rises 2 Percent
Swedbank's profit was pressed down during the first quarter. But the bank exceeded market expectations and on the Stockholm Stock Exchange it's thumbs up.
SKF and Kinnevik Lead Gains in a Declining Stockholm Stock Market
The Stockholm Stock Exchange started the week's trading with a slight decline of 0. 1 percent.
Few Clear Losers in Swedish Companies' Report Season So Far
Two weeks of report flood have so far not revealed any clear losers among Swedish listed companies. The order intake has actually been quite good in many cases.
Experts Diverge on Future Swedish Interest Rate Changes
On the interest rate market, the actors assume two cuts in the Swedish Central Bank's benchmark rate this year. But among the major banks' forecasters, there is a significant spread when it comes to the benchmark rate right now.
Major Swedish Banks See Profit Decline in 2024 Report
The Swedish banks increased their profits in 2024, according to the Financial Supervisory Authority's (FI) new bank report. However, the three major banks, SEB, Handelsbanken, and Swedbank, reported lower profits as a result of increased administrative costs and lower net interest income, which is what the banks earn from lending and borrowing.
Tenant-Owners Advised on Navigating Interest Rate Uncertainty
The steel bath for many of the country's housing associations is over. But while the costs have stabilized, there is still a big question mark: What will happen with the interest rate going forward?.
Child Allowance Hits 50-Year Low, Covering Just 25% of Costs
Does it feel like the child allowance is running out faster now than a few years ago? It may be because it has decreased by 21 percent in fixed prices since 2018. The last three, four years it has been constantly going downhill.
Swedish Exporters Face Uncertainty Amid Trump's Tariff Impact
The stronger krona is expected to have hit hard against Swedish export companies during the first quarter. But what is waiting around the corner is more unclear than in a long time after Trump's tariff shock.
Young people go against the trend – buying stocks in the crash
During the stock market crash in the days following Donald Trump's tariff decision, young people went against the stream and bought shares, according to the online broker Avanza. It's like catching a falling knife, says 17-year-old Elias El Shobaki.
These are the small savers' shares that have fallen the most
It's pointing sharply downwards for small savers' favourite shares after Donald Trump's inauguration in January. The biggest losers are SBB and Tesla, which have dropped 28 and 40 per cent respectively.
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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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