FI
Sector: Corporate banking
Contraction of Danish banking may not be as bad as it looks
As Denmark’s banking crisis continues to unfold, it is becoming increasingly clear many bankers are facing a very uncertain future over the next few years. According to Henning Kruse Petersen, chairman of Denmark’s Financial Stability Company, around 75 of the country’s 90 local banks will need to disappear if the financial sector is ever to [...]
More Danish banks are likely to fail, but job losses will be minimal
First the bad news. Don’t expect the collapse of a second Danish bank last week to be the end of the woes facing the country’s banking sector, investors and financial services workers are being warned. The good, or better, news is that there is no indication any serious Danish players are in difficulty, with only [...]
SEB has been recruiting private bankers, shake-up coming at Nordea
SEB has been expanding its private banking and wealth management operations, the bank revealed in Q1 results today, indicating that demand for advisers and other specialists in this area within the Nordic region remains strong. Some 50 new full-time employees were hired for the division over the year, compared with the same point last year. [...]
Those stock options suddenly look a lot more attractive
Now the dust has settled from the latest reporting round, Swedish banks, it is clear, are by and large looking to keep a tight rein on costs this year while hiring is likely to remain muted. But with Nordic economies predicted to do well during 2011, compared at least with the rest of Europe, equity [...]
Don’t expect any major hiring at either Danske or Handelsbanken this year
In a sign that Danske Bank’s headcount will continue to decline, the bank says it intends to keep a lid on expenses throughout 2011, with the belt expected to be even tighter than last year. The bank, announcing its Q4 and full-year results, revealed expenses declined 10% last year compared with 2009, with its staff [...]
Things are better, but Nordic banks still cautious about hiring
First quarter figures for the Nordic region’s banks over the past few weeks have suggested that the worst of the financial crisis may now be over, and there are clear signs this optimism is filtering through into the jobs market. But the crisis in the eurozone could yet put a spanner in the works, warn [...]
Private banking, asset management and risk shine in Q1
Asset managers, private bankers and compliance and risk specialists can all look forward to being in demand this year, if the latest clutch of first quarter results of the big Nordic banks are anything to go by. Q1 results for January to March have been just released by Nordea, Swedbank, SEB and Handelsbanken and show [...]
Nordea and SEB are hiring again!
Both Nordea and SEB have had their problems throughout 2009, but have emerged from the year in comparatively decent shape. As a result, both firms are planning on upping headcount in 2010. The fourth quarter reports of both institutions aren’t particularly positive – Nordea’s net income fell to €448m from €638m for the same period [...]
Swedbank has cut over 2,500 jobs in 2009, but expects profit this year
As well as its highly-publicised bonus cancellation, Swedbank has shown some 2,571 employees the door this year and posted its fourth quarterly loss in a row today. But it’s “feasible” that the bank could return to profit in 2010. Swedbank reported a fourth quarter net loss of SEK1.8bn, compared to a profit of SEK1.92bn for [...]
Four Nordic banks among world’s safest
Obviously the Nordic region hasn’t been immune to the machinations of the global financial crisis, and the Baltic downturn has meant behemoths like SEB and Swedbank have hogged the headlines for the wrong reasons. However, four Nordic institutions feature among this year’s safest banks rankings. Global Finance Magazine’s annual Top 50 World’s Safest Banks list [...]
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