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Nordea CEO flags price war in Sweden as lenders battle for market share

Nordea CEO flags price war in Sweden as lenders battle for market share By Jesus Calero and Elviira Luoma Oct 17 (Reuters) - Nordea NDAFI.HE has seen aggressive pricing behaviour among Nordic banks, especially in Sweden, as they compete for customers amid softening loan demand, the CEO of the region's biggest lender said on Thursday. Competition in Nordea's key markets is intensifying, with lenders chasing market share in both retail and corporate banking as the economy stagnates.
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Kepler cuts Vestas to 'hold', cites risks in 2025-2026 projections

BUZZ-Kepler cuts Vestas to 'hold', cites risks in 2025-2026 projections ** Kepler Cheuvreux downgrades Danish wind turbine maker Vestas Wind Systems VWS.CO to "hold" from "buy", lowers TP to DKK 150 from DKK 180, highlighting risks to the company's 2025-2026 projections ** The broker highlights concerns about volume risks in South America due to Ch
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Handelsbanken turns cautious on Nordic banks amid short-term risks

BUZZ-Handelsbanken turns cautious on Nordic banks amid short-term risks ** Handelsbanken cuts ratings on Swedbank SWEDa.ST , SEB SEBa.ST and Danske Bank DANSKE.CO in short term, and warns despite falling rates uncertainty persists ** The three Nordic banks, whose CFOs have resigned between Q2 and Q3 reports , may struggle with falling rates and hig
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Top Economic Events to November 28

DIARY-Top Economic Events to November 28 Oct 8 (Reuters) - For other diaries, please see: Top Economic Events M/DIARY Emerging Markets Economic Events EMRG/DIARY Government Debt Auctions D/DIARY Political and General News POL/DIARY U.S. Federal Reserve FED/DIARY Today in Washington WASH/DIARY ------------------------------------------------------------- This Diary is filed daily.
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Nordic banks face continued NII pressure, Nordea remains Jefferies' top pick

BUZZ-Nordic banks face continued NII pressure, Nordea remains Jefferies' top pick ** Jefferies says the operating environment remains challenging for Nordic banks, with continued pressure on net interest income (NII) from lower rates and muted lending growth, especially in Sweden ** It expects sequential NII decline in Q3 for Swedish banks due to l
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