Both profit and net interest income fall. But major bank Swedbank – one of the largest in the Swedish mortgage market – is performing better than expected. In these uncertain times, Swedbank stands strong, says CEO Jens Henriksson at a telephone conference with journalists.
BusinessThe Stockholm stock exchange fluctuated up and down during Wednesday but in the end the broad OMXS-index closed at a minus of 0.8 percent.
BusinessThe threat of 100-percent tariffs against Russia is a sign that Donald Trump has changed tactics – from economic carrot to stick, according to Robert Bergqvist, senior economist at SEB.
World politicsUncertainty has characterized the first half of the year on the stock exchange. Do not count on more clarity when the reporting season begins. However, there is one factor that speaks in favor of the Stockholm stock exchange, according to Mattias Isaksson, chief strategist at Swedbank.
BusinessPurchasing Managers' Index for the service sector rose in June to 54.6 according to Swedbank and Silf.
BusinessSwedbank is buying the mortgage institute Stabelo. The intention is to "reach more customers on the mortgage market", according to a press release from the major bank.
BusinessNow banks must inform their customers at least one month before the interest rebate on mortgages expires. We hope that this will give mortgage customers an honest chance to be able to negotiate their mortgage interest rate, says Moa Langemark at the Financial Supervisory Authority.
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