Bloomberg The financial industries of Sweden and Denmark were quick to criticise the Basel Committee on Banking Supervision’s completed framework, arguing it will hit Scandinavian lenders too hard. “The Basel standards will, if they are fully implemented in the EU and Sweden, have large negative effects for Swedish banks, their clients and the Swedish economy,” Hans Lindberg, the head of ...

Bloomberg In just over half a year, Danske Bank A/S has attracted 11,500 clients to an investment service provided by a robot. Denmark’s biggest financial firm now hopes the project will help it expand its wealth management operations. The robot is called June. It targets retail clients and small businesses that normally wouldn’t have the resources to work out what ...

Bloomberg Royal Bank of Scotland Group Plc Chief Executive Officer Ross McEwan said the likelihood is waning that the lender will settle a US mortgage-bond probe before the end of the year as he’d hoped, though it’s well-capitalised to handle a settlement. “There are diminishing chances” the bank will settle with the US Department of Justice in 2017, “but this ...