The recent European Banking Authority (EBA) estimate of necessary recapitalisation in the European banking sector has confirmed Nordea’s solid position, concluding that no recapitalisation is needed for the financial services group.
At the end of the second quarter Nordea’s core Tier 1 capital ratio (including transition rules) was 9.3%. The evaluations of positions imposed in the review had no effect on Nordea’s core Tier 1 capital ratio. At the end of the third quarter of 2011 Nordea had a core Tier 1 capital ratio (including transition rules) of 9.2%, which is above the 9.0% threshold set by the EBA.
Excluding transition rules, Nordea’s core Tier 1 capital ratio was 11.0% at the end of the 3Q11.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.