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Swedbank AB said Monday it has finalized its acquisition of mortgage technology company Stabelo, a move aimed at strengthening its digital lending capabilities and reaching new customers.
Swedbank AB on Thursday reported an 8% rise in third-quarter net profit, but saw its credit losses deepen, challenging the company's claim of "solid credit quality."
Swedbank AB said Friday that the U.S. Securities and Exchange Commission has closed an investigation into the Swedish lender without taking any enforcement action, a significant step in resolving legacy issues that have shadowed the bank.
Swedbank AB on Monday launched a new investment bank, SB1 Markets, in partnership with SpareBank 1, a move to strengthen its corporate finance services as profits from its core lending business come under pressure.
Swedbank AB said Thursday it has agreed to acquire Barclays PLC’s stake in their jointly-owned credit card company, Entercard, taking full control of a business they started together in 2005.
Swedbank on Thursday reported a 4% fall in second-quarter net profit, as the Swedish lender booked unexpected credit losses after a period of gains from loan loss reversals.
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