Sweden Living World Business Sports Entertainment

Cover image for Johan Torgeby

Johan Torgeby

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.

SEB CEO Warns New Bank Tax Could Impact Loan Costs and Returns

SEB Shares Drop Amid Unexpectedly High Credit Losses

The major bank SEB reports an operating profit in line with market expectations. However, the credit losses increase unexpectedly sharply and the outlook is clouded by great uncertainty in the shadow of the Trump administration's trade war.

SEB Shares Drop Amid Unexpectedly High Credit Losses

How much SEB's CEO earned last year

SEB's CEO Johan Torgeby's total compensation increased by 17 percent last year, according to the bank's annual report, as reported by [Dagens industri. ](https://www.

How much SEB's CEO earned last year

Major Banks' Profits Increase Again

The major banks' profits are increasing despite the lower interest rates. When the profitability of mortgage loans is squeezed, the banks find other revenue streams.

Major Banks' Profits Increase Again

Lower profit for SEB – "strong competition"

The win falls to the Wallenberg sphere's major bank SEB. The lower interest rates have an impact.

Lower profit for SEB – "strong competition"

SEB: Not Certain Mortgage Rates Will Follow All the Way

Just like SBAB, major bank SEB sees more and more customers choosing variable interest rates. A sign that fixed interest rates are too expensive? The bank CEO doesn't think so: Expectations of interest rate cuts make variable interest rates more attractive, says CEO Johan Torgeby.

SEB: Not Certain Mortgage Rates Will Follow All the Way