Economic Growth – curse or cure?
To the Point
Facts about Swedbank from the first quarter 2011, presented at the Press conference in Stockholm on 28 April 2011.
A short presentation of Swedbank Group, March 2011.
The Board of Directors of Swedbank AB (publ) (Swedbank) has resolved to issue 1,500,000 C-shares at an issue price of SEK 21, corresponding to the shares’ quotient value, as part of the hedging arrangements relating to Swedbank’s incentive programme in accordance with the authorization given by the Annual General Meeting 2011.
The Board of Directors of Swedbank has decided - based on the resolution by the Annual General Meeting on 25 March - to repurchase up to 10 percent of total outstanding shares in Swedbank, corresponding to approximately 116 million shares. Preference shares as well as ordinary shares will be repurchased.
Not enough has happened in the economy to make the Riksbank change its monetary strategy this time. This was the essence of the message that the Swedish central bank governor Stefan Ingves gave after the council meeting this month.
I must admit to feeling proud last week. After all, Swedbank isn’t named in the government’s spring budget every week. Yes, that’s the spring budget, the national budget, the one from our government.
When historic changes appear, it is usually difficult to assess the full impact until afterwards. But this afternoon, Monday April 18th, it was fairly easy. The Standard & Poor's decision to give US AAA rating a negative outlook is a defining moment in financial history. US has had the top rating level since World War II, with a stable outlook and has never before been this close to a downgrade.
The payment card industry is in constant development in order to offer better, more secure and more convenient services in a steadily growing acceptance network.
Inflation concerns and austerity – challenges for the commodity market