Andreas Hakansson News
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Sweden’s banks are free to raise dividend payments after building up surplus capital that more than fulfills the nation’s regulatory requirements, Financial Markets Minister Peter Norman said.
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Denmark’s $500 billion mortgage industry is looking at how to keep struggling homeowners afloat as the nation’s push into interest-only loans a decade ago now threatens a jump in losses amid rising unemployment.
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Nordea Bank AB, the Nordic region’s largest lender, may have to cut its dividend and forgo its profitability target to meet stricter capital rules set to be implemented over the next three years, according to an Exane BNP Paribas analyst.
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Danske Bank A/S, Denmark’s biggest lender, fell the most in five days in Copenhagen trading after Exane BNP Paribas said slow Danish economic growth and high household debt will result in more loan losses.
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Jamie Dimon says rules for systemically important global banks that would increase JPMorgan Chase & Co.’s capital requirements by about one-third will hurt profits, investment returns and the U.S. lender’s future growth.
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Denmark, home to the world’s biggest household debt burden, won’t lose its top credit rating any time soon as stable public finances and a current account surplus offset the risks, Fitch Ratings and Standard & Poor’s said.
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Billionaire George Soros’s assertion that Denmark’s $480 billion mortgage credit system can weather any crisis better than any country where mortgages are bought and sold is proving the rule for international investors.
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Danes are betting the five-year slump in home values will deepen as record low interest rates fail to entice prospective buyers.
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Swedish banks may follow Nordea Bank AB, the country’s biggest lender, in shedding jobs to lower costs as a slowing economy and stricter capital rules curb profit growth.
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Five banking analysts and two equity sales people focusing on financial-services firms at Credit Suisse Group AG quit, two people with knowledge of the departures said.
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