Swedish Lender Is Europe’s ‘Safest Bank’—And One of the Most Shorted

[ad_1] Swedish lender Svenska Handelsbanken AB has been crowned the safest commercial bank in Europe. Short sellers seem to think otherwise. Handelsbanken is the second most-shorted bank in the Bloomberg…

Sweden’s SBB Weighs Sale of Company as Part of Strategic Review

[ad_1] The embattled company at the center of Sweden’s property crisis is considering breaking itself up after its shares collapsed amid mounting concerns over the firm’s $8 billion debt pile.…

France Dodges an S&P Downgrade, Outlook Remains Negative

[ad_1] France’s credit rating was affirmed by S&P Global Ratings in a reprieve for President Emmanuel Macron as he seeks to cement his reputation for economic reform and fiscal proficiency.…

South Africa Central Bank Says Domestic Bond Concentration Risky

[ad_1] The increasing concentration of South African government bonds in the hands of domestic investors, coupled with high levels of state debt, present a risk to the financial industry, the…

Swedish Landlord SBB Cut Further Into Junk Territory by Fitch

[ad_1] Struggling Swedish landlord SBB has received yet another credit rating downgrade in a move that will exacerbate the company’s challenge of refinancing about $1.3 billion of bond debt between…

Sweden’s Real Estate Crisis Threatens Its Biggest Pension Fund

[ad_1] Sweden’s biggest pension fund parted ways with chairwoman Ingrid Bonde this week, six months after Alecta incurred $2 billion in losses from three failed bets tied to the collapse…

Germany Pressures Siemens to Support Troubled Wind-Turbine Maker

[ad_1] German Chancellor Olaf Scholz ratcheted up pressure on Siemens Energy AG’s biggest shareholder Siemens AG to help shore up the troubled wind-turbine maker’s finances as part of a joint…

The Face of Sweden’s Property Bust Fights for $13 Billion Empire

[ad_1] A Yugoslav war refugee turned Swedish property tycoon is fast running out of options to stabilize his $13 billion empire, and the outcome will have ripple effects across Europe’s…

FTSE 100 Live: Blue-chip index down 100 points after Fitch US downgrade, oil price up

[ad_1] S tock market sentiment has taken a hammering after Fitch removed its top-notch rating on US debt. The agency’s downgrade to AA+ in the wake of Washington’s latest debt…

Finance Ministry Officials Meet Moody’s, Push For Credit Rating Upgrade: Report

[ad_1] Officials from the Finance Ministry, led by Chief Economic Adviser V Anantha Nageswaran, on Friday, met with credit rating agency Moody’s Investors Service in New Delhi to push for…