Tagged: Bank

DnB NOR insider case closed

DnB NOR accepts the fine imposed by Økokrim (the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime) following claims of a breach of insider rules. DnB NOR maintains that no...

Fitch affirms DnB NOR Bank at A+

Fitch Ratings has today Sept. 29 affirmed DnB NOR Bank’s Long-term Issuer Default Rating (IDR) of ‘A+’, Short-term IDR of ‘F1’, Individual Rating of ‘B’, Support Rating of ‘1’ and Support Rating Floor of...

DnB NOR says 4 employees held in fraud case

OSLO, Aug 25 (Reuters) – Norway’s biggest banking group, DnB NOR (DNBNOR.OL), said police arrested four of its employees in Oslo on Tuesday on suspicion of loan fraud, which a newspaper said was linked...

Norwegian savings bank seeks $400 mill in state aid

OSLO, Aug 20 (Reuters) – Norwegian savings bank SpareBank 1 SR-Bank (ROGG.OL) said on Thursday it asked the government for an injection of 2.4 billion crowns ($396.7 million) to boost its core and preferred...

DnB Nor Markets opens Singapore office

DnB Nor Markets, Norway’s largest investment bank, sets up an equity research and securities sales team in Singapore. DnB Nor Markets, the investment banking division of Norway’s DnB Nor Bank ASA, yesterday announced it...

Further tightening of credit standards for enterprises

Norges Bank’s Survey of Bank Lending 2009 Q2 Banks continued to tighten credit standards for enterprises while credit standards for households remained virtually unchanged in Q2. Banks expect approximately unchanged credit standards for both...

DnB Nor posts 60 pct drop in 2Q profits

OSLO — Norway’s largest financial group, DnB NOR ASA, said Friday its profits tumbled 60 percent in the second quarter, citing the global financial turmoil and losses in its Baltic operations. Net profit was...

Icelandic banker exits Storebrand board

OSLO, March 4 (Reuters) – The former executive chairman of failed Icelandic bank Kaupthing, Sigurdur Einarsson, has resigned from the board of Norwegian insurance company Storebrand (STB.OL), the insurer said on Wednesday. Einarsson joined...