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Nordea CEO: Nordic capital markets too small to compete globally – BN

Nordic capital markets lack the scale and depth to finance the region’s fast-growing large companies. Nordea CEO Frank Vang-Jensen said this in an interview with Bloomberg at the Nordic Compass Summit in Gothenburg. He warns that the Nordic region is losing too many growth companies and is unable to handle the largest stock market listings. […]

ING expects another UK rate hike – goes against the market

Dutch major bank ING expects the Bank of England to raise its key interest rate once more by February at the latest, following today’s hike to 4 percent. If energy prices rise again, the hike could come as early as December. This is according to an analysis from ING. ING assesses that the British central […]

US productivity rose more than expected year-over-year in the third quarter

US productivity rose more than expected year-over-year in the third quarter. Year-over-year, productivity increased 3.6 percent (+2.1 revised from +1.4), compared with the Bloomberg analyst consensus, which expected an increase of 2.7 percent. Unit labor costs fell unexpectedly year-over-year in the third quarter. Year-over-year, unit labor costs fell 0.7 percent (+1.9 revised from +1.2), compared […]

New US jobless claims fell to 189,000 last week, expected 196,000

The number of new jobless claims in the US totaled 189,000 in the latest reporting week. According to Bloomberg, the market expected 196,000 claims. Last week’s figure was revised to 195,000 from a preliminary 194,000. USv44Consensusv43RevisedNew unemployment benefit applicants last week189,000196,000194,000195,000Consensus data from Bloomberg

Oma Säästöpankki appoints Iikka Kuosa as new CEO

Finnish Oma Säästöpankki has appointed Iikka Kuosa as its new CEO, effective 5 November 2026. He most recently served as deputy CEO and head of banking operations at S-Bank, where he has worked since April 2024. Kuosa will be responsible for the integration project between Oma Savings Bank and S-Bank. He has previously held senior […]

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