200 jobs created at Swedbank to chase bad Baltic loans

200 jobs created at Swedbank to chase bad Baltic loans

Heavy exposure to the slumping Baltic states has played a major part in Swedbank's SKr3.36bn first quarter loss. The upshot of this, however, is that the bank will…

Swedish banks largely hold fire, but for how long?

Swedish banks largely hold fire, but for how long?

The massive redundancies in banking and financial services seen in London and New York and elsewhere have yet to materialise in Sweden, despite a grim economic outlook. Sweden's…

Massive losses, but no job cuts coming at Norwegian SWF

Massive losses, but no job cuts coming at Norwegian SWF

Norway's NOK2,275bn sovereign wealth fund is ruling out redundancies in spite of suffering a record loss of 23.3% in 2008 - the equivalent of NOK633bn. There are currently…

Don’t expect big bonuses next year either

Don’t expect big bonuses next year either

Somewhat predictably, there's been something of a furore over the revelation that billions of kroner have been paid out in bonuses by Swedish banks for 2008. However, don't…

Pension funds looking at trimming teams

Pension funds looking at trimming teams

The normally sleepy world of pensions is being woken from its slumber and has been forced to review its staff numbers - a very rare occurrence indeed. The…

Nordic banks still eager to recruit

Nordic banks still eager to recruit

Obviously 2008 was a terrible year for financial services, but it seems that Nordic banks (Iceland excluded) have fared relatively well and may even provide some job opportunities…

Emphasis on reallocation rather than recruitment

Emphasis on reallocation rather than recruitment

With most Nordic asset managers going into 2009 with dramatically reduced assets under management, wishful thinking suggests they might be looking to hire new talent to help their…

Bank by bank bonus reforms, revised and updated

Bank by bank bonus reforms, revised and updated

Several things have changed since we last looked at different banks' different compensation structures a few weeks ago. Here, therefore, is a new list of banks according to…

An Icelandic firm is actually hiring

An Icelandic firm is actually hiring

Icelandic financial services firm Audur Capital is embarking on a hiring spree as it gears up for the launch of its new private equity venture, called the Bjork…

Nordea still intent on bolstering fund management team

Nordea still intent on bolstering fund management team

Nordic financial services group Nordea is still recruiting for its institutional and retail asset management businesses, despite having to make job cuts in 2008. Allan Polack, head of…

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