Pessimistic Swedes may have a point

Pessimistic Swedes may have a point

With more than half of Swedish companies expecting to cut jobs this year, don't hold your breath for a turnaround in bank hiring - but it will come,…

Could fresh Finnish recruitment freeze create yet more problems?

Could fresh Finnish recruitment freeze create yet more problems?

Finland's banking sector was cut back to the bone following its near collapse in the early-1990s, but with recruitment largely frozen this year and further redundancies likely, concerns…

Stress Tests – Inoculation or Gimmick?

Stress Tests – Inoculation or Gimmick?

Are the US government's much-ballyhooed bank stress test results improving transparency, risk management, and therefore building confidence in the ultimate solvency of the system's largest institutions? Or

What, exactly, is wrong with my CV (5)?

What, exactly, is wrong with my CV (5)?

After 20+ years of full time employment (largely with rating agencies), the start-up agency I was working for was suddenly closed in Jan. 2008. Since then, I have…

Nordic IT vendors cut teams, but still jobs to be had

Nordic IT vendors cut teams, but still jobs to be had

Major job losses at Nordic IT services vendors have sent a shiver through the once-vibrant financial services technology sector but, while spending by banks has clearly slowed, it's…

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…

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