NEWS

Financial / Investment

Bloomberg: DNB Eclipses Nordea as the Biggest Bank in the Nordic Region

Business

Category: Accounting / Financial

Norway’s DNB ASA has eclipsed perennial Nordic powerhouse Nordea Bank Abp as the biggest lender by market value in the Nordic region. DNB’s market value has now exceeded that of Nordea for the first time since the Helsinki-based lender was created through the merger of four Nordic banks at the end of 2001. Read entire […]

Source: Bloomberg


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Bloomberg: Walmart Is Now Ethical Enough for Norway’s $1 Trillion Wealth Fund

Business

Category: Accounting / Financial

Norway’s $1 trillion wealth fund revoked its more than decade-long exclusion on Walmart Inc. after the U.S. retailer tightened control over potential human rights abuses in its supply chain. Walmart has made “positive developments” in monitoring its suppliers, the fund’s Council on Ethics said in a statement released Tuesday. “Furthermore, the company engages actively in selected, high-risk […]

Source: Bloomberg


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GlobeNewswire: Intertrust acquires Viteos for USD 330 million

Business

Category: Accounting / Financial

Amsterdam, the Netherlands – 18 June 2019 – Intertrust N.V. (“Intertrust”), a leading global provider of expert administrative services to corporate, fund, capital markets and private wealth clients, today announces the acquisition of Viteos1, a provider of leading-edge technology solutions for U.S. funds, from PPC Enterprises LLC, FiveW Capital LLC (an affiliate of 22C Capital) […]

Source: GlobeNewswire


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Reuters: Alone among peers, Norway raises rates, eyes two more hikes

Category: Business and Investment News

OSLO (Reuters) – Norway’s central bank raised its main interest rate on Thursday, as expected, and said it may hike again in September and in the first half of 2020 as domestic strength trumps a global economic slowdown, strengthening the crown currency. The bank raised its key policy rate to 1.25% from 1.0%, in line […]

Source: Reuters

Published: August 23, 2019


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DN: Ny konsernsjef i DNB

Business

Category: Accounting / Financial

DNBs konsernsjef Rune Bjerke (58) har meddelt styret i banken at han ønsker å gå av fra 1. september i år etter nær 13 år som øverste sjef for Norges største bank. Styret i DNB har ansatt finansdirektør Kjerstin Braathen (48) som ny konsernsjef. Les hele saken HER.

Source: DN


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