FI
Sector: Capital markets
The hiring and firing at Swedbank and SEB
A third consecutive quarterly loss at Swedbank and greatly reduced profits at SEB wouldn’t normally be cause for bullish sentiment around Sweden’s two largest banks. However, there are signs things are looking up in the Baltics and that 2009 will be a very good year for some bankers. Swedbank posted a worse than expected operating [...]
If Nordic ECM flurry continues, new jobs look likely
The number of equity capital market deals being carried out in the Nordic region has almost trebled in the past quarter, compared with the dire state of play a year ago. According to figures from data provider Dealogic, a total of 37 deals took place in the third quarter of this year, worth more than [...]
Can Pandit handle it (and should you steer clear of Citi if not)?
If Meredith Whitney’s right, Citi’s going to the dogs no matter how hard Vikram Pandit tries to bed it down amongst the roses. Whitney says Pandit faces an “impossible feat” in turning Citi around. The associated costs, according to Whitney, are simply too “seismic” and the revenue streams too feeble. From the Whitney perspective, Pandit’s [...]
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