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Top related persons:
Niklas Wykman - 2 Chiara Elisei - 2 John O'Donnell - 2 Heimstaden Bostad - 1 Alecta - 1 Christian Dreyer - 1 Karolina Ekholm - 1 Heimstaden's Dreyer - 1
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STOCKHOLM Stockholm Sweden Germany London Nordic Berlin Heimstaden
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Financial - 2 SBB - 2 Thomson - 2 International Monetary Fund - 1 GOVT - 1 Sweden's - 1 Danske Bank - 1 Organisation for Economic Cooperation - 1

Search resuls for: "John O'Donnell Marie Mannes"


2 mentions found


☆ Sweden braces as property storm clouds darken
  + stars: | 2023-09-15 | by ( John O'Donnell Marie Mannes | John O'Donnell | Marie Mannes | ) www.reuters.com   time to read: +5 min
Swedbank estimates the current shortfall for Heimstaden Bostad could be roughly 30 billion crowns ($2.7 billion). Sweden's financial regulator launched an inquiry into why and how Alecta had invested $4.5 billion in the property giant, in the first place. "If interest rates continue to rise and it's coupled with unemployment, that's what we are afraid of." With interest rates still climbing, analysts such as Marcus Gustavsson of Danske Bank, believe the worst is not yet over. "With rising interest rates, that funny money has turned into real money and it is painful."
Persons: Heimstaden Bostad, Alecta, Christian Dreyer, Karolina Ekholm, Heimstaden's Dreyer, we're, Dreyer, Niklas Wykman, Heimstaden, David Perez, Marcus Gustavsson, Andreas Cervenka, Sweden, Simon Johnson, Johan Ahlander, Greta Rosen Fondahn, Chiara Elisei, John O'Donnell, Hugh Lawson Organizations: International Monetary Fund, GOVT, Sweden's, Financial, Reuters, SBB, Danske Bank, Thomson Locations: STOCKHOLM, Nordic, Stockholm, Berlin, Sweden, Heimstaden, Germany, Gdansk, London
☆ Sweden braces for fallout from property slump
  + stars: | 2023-06-16 | by ( Simon Johnson John O'Donnell Marie Mannes | Simon Johnson | John O'Donnell | ) www.reuters.com   time to read: +5 min
High debts, rising interest rates and a wilting economy has produced a toxic cocktail for Sweden's commercial property companies, with several cut to junk by rating agencies. Sweden and Germany are among the worst affected by a widening property slump on the continent, according to Eurostat. Swedish officials are worried that banks could compound property companies' troubled by cutting credit, triggering firesales that would further drag down the market. Financial markets minister Wykman said he had held discussions with banks, property companies and investors about the entire commercial property market. This week, analysts at JP Morgan said big banks in Sweden, which had 1 trillion Swedish crowns of property exposure, were 'ill-prepared' for losses.
Persons: Niklas Wykman, Wykman, Ilija Batljan, Batljan, JP Morgan, Finland's, SEBa.ST, Chiara Elisei, Sinead Cruise, John O'Donnell, Toby Chopra Organizations: Organisation for Economic Cooperation, Development, Financial, Reuters, Eurostat, OECD, Reuters Graphics, SBB, JP, Thomson Locations: STOCKHOLM, FRANKFURT, Europe, Sweden, Germany, Stockholm, Swedish, Spain, Ireland, London
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