Opec is scrambling to save the production cut deal ahead of the oil cartel's November 30 meeting as oversupply once again stalks the global market. More to come within the hour....
Squawk / 20 June 2016 at 20:07 GMT
Rumors surrounding Nordea is out tonight saying that they are underestimating company clients risk of default thus lacking capital reserves of 80 billion SEK, which is about 1/4 of the market cap of the company...article unfortunately in Swedish is found here: - Speculations are Nordea will have to reach out to shareholders for capital. If there's any truth in the rumors this is not good for Swedish banks and the OMXS30.I in particular.
20 June
Johan Berntorp Johan Berntorp
Banking stocks make up about 25 % of the OMXS30, Nordea alone almost 10 %.
21 June
Johan Berntorp Johan Berntorp
Swedish regulatory entity Finansinspektionen says that Nordea will not need to buffer capital anywhere near the numbers outlined in yesterdays article.
21 June
Johan Berntorp Johan Berntorp
It appears the last word in this story isn't said yet. The newspaper revealing the story is now at it again despite that Nordea and the Finansinspektionen has tried to talk down the situation. Article in Swedish,

and through google translate,
23 June
Johan Berntorp Johan Berntorp
Market action surrounding the above topic isn't treating Nordea very nice...


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