STOCKHOLM Swedish and Estonian financial regulators have taken their investigations into Swedbank over anti-money laundering controls at its Baltic operations to the next level, they said on Tuesday, marking a formal step in the process that could lead to a financial penalty.
STOCKHOLM Tobacco group Swedish Match on Friday reported a bigger-than-expected rise in third-quarter operating profit, helped by strong sales growth of its tobacco-free nicotine pouches in the United States.
STOCKHOLM Handelsbanken said on Wednesday it would cut 800 jobs and pull out of Asia and Germany as it seeks to cut costs after restructuring charges dragged down the Swedish bank's third-quarter earnings.
STOCKHOLM Getinge beat third-quarter core profit expectations, sending shares in the Swedish medical technology group up 16% early Friday. Profit before interest, tax, amortization and items affecting comparability was 677 million Swedish crowns ($70 million), up from 438 million a year earlier, the company said in a statement.
STOCKHOLM Six of the Nordic region's biggest banks have agreed to invest in pan-Nordic instant payment system P27, aiming to integrate payment services in the region into a single platform to help boost business.