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.
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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. At the same time, several blue election promises on tax cuts could come to nothing.
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SEB's profit fell 5 percent to SEK 9.4 billion
The Wallenbergs' bank SEB reported an operating profit of SEK 9.4 billion for the first quarter, 5 percent lower than a year earlier.
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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.
Business
SEB's Q3 Profit Misses Expectations but Net Interest Income Surprises
Major bank SEB's profit for the third quarter came in lower than expected. The bank's net interest income, however, surprises positively.
Business
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.
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SEB CEO Highlights Sky-High Tariff and Geopolitical Uncertainty
Major bank SEB is doing better than expected. Business picked up speed at the end of the second quarter, shows an interim report. But the uncertainty regarding tariffs and geopolitics is "sky-high", according to CEO Johan Torgeby. The highest I have experienced, he says.
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SEB CEO Warns New Bank Tax Could Impact Loan Costs and Returns
Just over a year before the next parliamentary election, the Social Democrats are repeating their proposal for a new tax on banks' interest income – to create room for welfare investments. The bill for such a tax would be passed on to, among others, mortgage borrowers, pension funds, and foundations, according to Johan Torgeby, the CEO of the major bank SEB.
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