The Local Sweden

Swedish bank SEB caught up in international money laundering scandal

Wed, 27 Nov 2019 18:39:26 +0100

Swedish bank SEB has become the latest Nordic bank to be implicated in a massive money laundering scandal, following reports that its Baltic branches handled 45 million euros from companies linked to Russian money laundering.

Sweden's major banks caught up in Russian global money laundering operation

Wed, 22 Mar 2017 09:50:05 +0100

All of Sweden’s biggest banks were either used or were attempted to be used in a major money laundering operation uncovered by a network of journalists in which at least $20 billion was moved from Russia to international accounts between 2010 and 2014.

Four Swedish companies among world's 'most sustainable'

Thu, 19 Jan 2017 11:14:27 +0100

Four Swedish companies have made the cut in a ranking of the world’s most sustainable businesses, with the country punching above its weight relative to the number of Swedish companies which were eligible for the study.

Swedish economy beats growth expectations

Wed, 29 May 2013 13:45:00 +0200

Sweden's economy grew by 0.6 percent in the first quarter from the previous three-month period, Statistics Sweden (Statistiska centralbyrån - SCB) said on Wednesday as it released fresh data that beat expectations.

'Bank customers need to toughen up': minister

Thu, 31 Jan 2013 13:34:00 +0100

Following better-than-expected results from several Swedish banks, leading politicians had mixed reactions about the enormous pay-outs awaiting shareholders.

Swedes optimistic about housing market

Mon, 12 Nov 2012 11:31:00 +0100

An increasing number of Swedes believe in an improving housing market, according to the latest figures from Swedish bank SEB’s house price indicator.

Libor scandal prompts calls for probe in Sweden

Mon, 16 Jul 2012 19:20:00 +0200

Calls are mounting in Sweden for a review of the country's interbank lending system following revelations about alleged manipulation of the London interbank offered rate (Libor).

UK bank scandal must be 'looked into': Pagrotsky

Sat, 14 Jul 2012 12:06:00 +0200

The Libor scandal in London may have caused economic damages for Swedish tax-funded businesses, and ought to be looked into, said the Social Democrats’ tax investigator Leif Pagrotsky.

Swedish banks pass EU stress test

Sat, 16 Jul 2011 12:49:00 +0200

Ten banks in Sweden, Norway and Finland passed European Union stress tests, their financial regulators announced on Friday.

Swedish house prices 'dangerously high': report

Mon, 11 Jul 2011 15:52:00 +0200

Sweden has one of the most overvalued housing markets in the world, according to a new report, while new figures indicate that the long climb in prices may be grinding to a halt.

Swedish bank to Ingrid, 87: 'invest long term'

Mon, 21 Mar 2011 14:52:00 +0100

Swedish bank SEB advised an 87-year-old customer to invest her savings 'long term' and has now been found to be at fault by the consumer complaints board.

Borg bashes Swedish banks' booming profits

Wed, 02 Mar 2011 16:49:00 +0100

Sweden’s Finance Minister Anders Borg wants to put the squeeze on Swedish banks, where profits have swelled, shareholder dividends ballooned, and interest margins on mortgages doubled.

Profits mount at Sweden's SEB bank

Fri, 04 Feb 2011 15:29:00 +0100

Sweden's third-largest bank, SEB, reported bumper profits on Friday thanks to a sharp reduction in credit losses in the Baltic countries.

Is Sweden's economic future paved with gold?

Wed, 19 Jan 2011 13:37:00 +0100

The Swedish economy hasn't yet been dragged down by eurozone debt problems, and while growth is strong and exports are up, Sweden might still face a few economic bumps on the road ahead, the AFPs Marc Preel reports.

Wealthy Swedes swindled at SEB bank

Tue, 26 Oct 2010 18:08:00 +0200

Around 20 well-to-do customers at Swedish bank SEB have been swindled out of more than 50 million kronor ($7.5 million) with at least one employee thought to be involved in the scam.

Swedbank denies merger talk rumours

Fri, 08 Oct 2010 10:29:00 +0200

Two of Sweden’s largest banks are flirting with Swedbank about a possible merger, according to media reports.

Swedish GDP growing faster than expected

Wed, 08 Sep 2010 14:47:00 +0200

Sweden's second quarter GDP growth was even greater previously reported, according to revised figures from Statistics Sweden (SCB).

Swedes expect higher house prices: report

Mon, 06 Sep 2010 16:00:00 +0200

Around half of Swedish households expect house prices to continue to rise with only a fifth expecting a fall, according to a new survey published on Monday.

Sweden's economy in good shape: report

Tue, 31 Aug 2010 16:03:00 +0200

Exports, domestic demand and strong public finances all indicate that Sweden's economy is in good shape, the country's financial management authority and the banks, said on Tuesday.

SEB 'has turned the page' in Baltics

Tue, 13 Jul 2010 15:57:00 +0200

Sweden's SEB bank on Tuesday posted higher-than-expected second quarter profits and said it had "turned the page" in the Baltic countries, where it had been heavily exposed to the financial crisis.