Published March 20, 2023 at 10:02 a.m.
Economics. There are still red numbers on the Stockholm Stock Exchange on Monday, and the banks are backing down.
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Nordea, Swedbank and Handelsbanken have all fallen by more than two percent and SEB by over three percent.
The broad stock market index in Stockholm, OMXSPI, stands at minus −1.26 percent so far today.
The other stock exchanges in Europe are also in the red while the rescue operation for Credit Suisse looks set to fail. The bank's stock has fallen by 63 percent since today's opening since the Swiss government made it clear that it will let its biggest competitor UBS buy up Credit Suisse for a bargain price.