Jens Henriksson

Mortgages are falling, but savings have become the banks’ new profit engine

The major banks are currently earning less on customers' mortgages. They are making that up with savings. Savings seem to be a profit driver for the banks at the moment, says Maria Landeborn, stock market strategist at Danske Bank.

Swedbank CEO: Mortgage margin at historic low amid fierce competition

Profits from customers' mortgages are under pressure, according to Swedbank CEO Jens Henriksson. The mortgage margin is probably the lowest in history, he says.

Swedbank settles New York investigation for SEK 482 million

Swedbank has reached a settlement with the financial authority DFS in the state of New York in the U.S. It will cost the bank the equivalent of SEK 482 million.

Rush to the bank after new mortgage rules as customers increase existing loans

The new loan rules attracted customers to borrow more - they increased their existing loans before that ceiling was lifted on April 1. This is according to the CEO of Swedbank, who is announcing a savings package that will reduce the workforce.

Billions to owners of the big banks as SEB, Nordea and Swedbank distribute almost SEK 90 billion

The major banks are inviting shareholders to a dividend party again this year. SEB, Nordea and Swedbank are together distributing almost SEK 90 billion to their owners, according to the banks' financial statements. The payments are going to pension funds and foundations, so the money comes back to society, says Johan Torgeby, CEO of SEB.

Swedbank rises after US Department of Justice closes investigation

Swedbank is rising sharply on the Stockholm Stock Exchange. This comes after the major bank avoided a hefty fine from the US Department of Justice.

Swedbank Reports Decreased Profit in Third Quarter

SEB Becomes Sole Major Bank Investing in NATO-Based Nuclear Weapons

The Wallenberg sphere's major bank SEB opened up in June to invest venture capital in and lend to nuclear weapons manufacturers – if they are based in NATO countries. The other Swedish major banks have not followed suit.