Nordea anticipates that the European Central Bank will raise its key interest rate to 3% by autumn, with this outlook remaining unchanged even if a fragile ceasefire emerges in the Middle East.
According to Nordea's chief analyst, rising interest rates are already negatively affecting Finland's economic growth, with the Iran war also influencing Euribor rates.
The ECB said that Nordea Finance Finland wrongly reported its credit exposures and breached a limit on major lending risks. The bank may appeal the decision to the EU Court of Justice.
Nordea, SBAB, Swedbank, Danske Bank – rader av stora bolåneaktörer – har de gångna dagarna höjt bundna boräntor.
Experter beskriver det som en följd av den krigspremie som banker får betala på sina…
Nordea, a Nordic financial services group, has confirmed plans to eliminate approximately 1,500 positions as part of a broader restructuring effort expected to take place this year and next, aligning with its 2030 strategy.
Artificial intelligence is significantly impacting jobs in the Finnish banking sector, with Nordea reducing 1,500 employees and OP Pohjola already seeing AI replace outsourced IT work.
The European Central Bank has imposed a financial penalty of €2.26 million on Nordea after its Finnish subsidiary incorrectly reported credit risk exposures for several years, breaching European…
A YouGov survey for Nordea Bank indicates that two out of three Danish parents provide financial support to their adult children, covering expenses like pocket money, phone bills, and groceries.