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Sweden

Swedes vote “no” to euro

Sweden delivered a crushing rejection of the single currency yesterday (14 September), turning its back on closer integration with Europe and dealing a savage blow to its own leaders. In early trading today the euro had risen to SKr9.1915 against...

Economy continues its recovery

The National Institute of Economic Research reports that the Swedish economy is continuing its gradual recovery. Gross domestic product is…


Unexpected interest rates cut

The Riksbank, Sweden's central bank, surprised financial markets yesterday morning by lowering its key rate for the second time in…


FS-Banken and SEB Merger Thwarted by EU

The planned merger between SEB and FцreningsSparbanken, two of Sweden’s largest banks, has become unviable as a result of concessions…


Svenska Handelsbanken Bid for Midtbank

Yesterday Svenska Handelsbanken, the largest bank in Sweden and parent of one of the Swedish factoring industry’s major players, Handelsbank…


FS-Banken and SEB Announce Merger

Two of Sweden’s largest banks, SEB and FцreningsSparbanken, yesterday announced plans for a $15.9bn merger. It is hoped that the…


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