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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
Top related locs:
STOCKHOLM Stockholm Sweden Germany London Nordic Berlin Heimstaden
Top related orgs:
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: "Niklas Wykman"


3 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
☆ U.S. bank woes no threat to Swedish financial system, watchdog says
  + stars: | 2023-03-13 | by ( ) www.reuters.com   time to read: +2 min
OSLO, March 13 (Reuters) - The collapse of Silicon Valley Bank (SVB) and some other U.S. banks is unlikely to impact Sweden's financial stability, Sweden's financial watchdog said on Monday. While the U.S. banking market was hit by a degree of turbulence, Swedish banks are regulated more tightly to ensure liquidity buffers are in place and balance sheets are protected, it added. "Our assessment is however that the stability of the Swedish financial system is not affected by this," acting FI Director-General Susanna Grufman said. Pensions group Alecta has around 12 billion Swedish crowns ($1.12 billion) in investments in Silicon Valley Bank and Signature Bank (SBNY.O), news agency TT reported. "Up to now we do not see any spread of the effects into the Swedish financial system," Wykman told Reuters.
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