Jun 21

Regulator Alleges Sweden’s Largest Bank Has $9.7 Billion Capital Shortfall:

Sweden’s largest bank is under pressure today after Svenska Dagbladet reported an internal document from Sweden’s Financial Supervisory Authority indicates that Nordea bank had a capital shortfall of $9.7 billion at the end of last year. Newspaper Svenska Dagbladet published an article that alleges an analyst at Sweden’s FSA had discovered that internal bank models used to assess risk of loss on its loan portfolio had understated risk by as much as half at the end of last year

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