Nordea Investor Complaints Show How Much Trouble Bank Is In

Bjoern Wahlroos, chairman of Nordea Bank AB and Sampo Oyj, poses for a photograph following an interview at the Nordea headquarters in Stockholm, Sweden, on Thursday, Nov. 24, 2016. Wahlroos said there's little chance he’ll resume talks to merge with ABN Amro Group NV, and signaled no interest in buying shares in the bank from the Dutch government. Photographer: Johan Jeppsson/Bloomberg

After years of severe cuts, Nordea Bank Abp is now losing revenue faster than it’s reducing costs. The bank’s biggest shareholder, Sampo Oyj, is trying to be patient. “Nordea is an oil tanker. It turns slowly,” Kari Stadigh, chief executive officer of Sampo, said in an interview in Helsinki. But it’s also clear that “Nordea ...Read More

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