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Nordea
Largest Interest Rate Cut in Ten Years Expected
Everything points to the Swedish Central Bank making a double cut in the interest rate on Thursday. It would be the largest interest rate cut in over ten years.
Nordea's services are working again after attack
The digital services of the major bank Nordea were affected on Friday evening by technical problems due to an overload attack, which made it impossible for customers to log in, either on the mobile bank or the online bank. The problems were resolved shortly after 9 pm.
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.
Better than expected for Handelsbanken
Handelsbanken exceeds market expectations in its latest interim report. Both the profit and revenues were higher than expected.
More Swedes have better housing economy
Many homeowners' personal finances have improved since the price shock in society has subsided, according to a survey from Nordea. "It is reassuring that more and more people can afford increased costs.
Volvo CEO predicts stability in 2025
The truck manufacturer Volvo is reporting a worse result than expected, but the stock price is holding steady. The low-conjuncture has taken hold, but Volvo's CEO is counting on a decent 2025.
Nordea's CEO sees positive signals
The major bank Nordea's share price surges significantly on the stock exchange following unexpectedly strong figures in the report for the third quarter. CEO Frank Vang-Jensen sees plenty of positive signals in Sweden – and the Nordic region.
Nordea pulls the Stockholm stock exchange upwards
The Stockholm stock exchange rose slightly on Thursday. The broad OMXS index closed at 0.
Decreased profit for Nordea – but better than expected
Net interest income and profit are being pushed down for Helsinki-based major bank Nordea, but not as much as feared. Business volumes are stable and customer activity is good, according to CEO Frank Vang-Jensen.
These are the risks on the stock market right now
It looks shaky ahead of the reporting season, which kicks off this week. The German automotive industry has set the tone with a series of profit warnings.
Decline on the Stockholm Stock Exchange – Saab plummeted
The Stockholm Stock Exchange turned downward on Thursday and at the close, the OMXS index stood at minus 1. 11 percent.
After several hours of downtime: Nordea's problem solved
Nordea's customers could not log in, make Swish payments or pay by card for several hours on Tuesday. .
Lowest Inflation in Almost Five Years
Inflation fell to 1. 1 per cent in September according to preliminary figures from Statistics Sweden (SCB).
Despite Stock Market Rally – Great Uncertainty Surrounding China
China's stock exchanges are soaring after the latest stimulus measures. However, it is highly uncertain whether this is the turnaround for the world's second-largest economy.
Fake Swish - how to avoid being scammed
Reports of fake Swish apps are emerging in several locations around the country. They are difficult to stop and it's easy to get deceived in stressful situations.
Nordea's problem solved
Nordea's technical problems are now resolved, the bank's press department informs TT. Earlier in the day, some of the bank's customers had difficulties logging in to the bank.
Your savings rate is back to zero again
It was small, and now it's back to zero again - the interest rate on major banks' salary accounts. Move your money, advises the central bank governor.
Why the Central Bank didn't cut rates by 0.50 percentage points just yet
The Swedish Central Bank had not signaled. Therefore, there was no double rate cut just yet, but it will come later, believe analysts.
Upwards on the stock market after interest rate cut
The Stockholm Stock Exchange rose after the Swedish Central Bank's third interest rate cut this year and the possibility of a so-called double cut later in the autumn. The broad OMXS index gained 0.
Despite the interest rate cut - a fixed mortgage rate "isn't wrong"
Despite today's expected interest rate cut and a continued low interest rate ahead – the calculations show that a fixed interest rate can be advantageous in the current situation. If you only look at the cost, it's not obviously wrong to perhaps choose a fixed rate for three, four, or five years, says SBAB's chief economist Robert Boije.
Variable Mortgage Rates Fall Ahead of Riksbank's Decision
The state-owned mortgage bank SBAB and Länsförsäkringar are lowering the interest rate on mortgages with a three-month term by 0. 20 percentage points.
Norrland Slows Down – Metropolitan Areas Take Over
Upper Norrland has in recent years been the driving force behind Swedish growth, while the metropolitan regions have acted as a brake. Now, the roles are expected to be reversed.
Danske Bank lowers variable mortgage interest rate
Danske Bank is following up on last week's cuts from Handelsbanken and Nordea and is lowering the interest rate on mortgages with a three-month binding period by 0. 20 percentage points.
The stock market rose – people's shares went up
The week got off to a slow start on the Stockholm Stock Exchange. But it turned upwards, albeit with a slight decline in the last hour of trading.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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