Bloomberg Nordea Bank AB is losing clients in Sweden in what independent mortgage brokers say appears to be a protest against the bank’s plan to redomicile to Finland in pursuit of a more accommodating regulatory environment. The customer shift has been registered by two online home-loan brokers and confirmed by other banks operating in Sweden. Nordea says flows in the ...

Bloomberg Miguel Angel Fernandez Ordonez, the former governor of the Bank of Spain, was absolved of possible criminal acts in the Bankia SA case, along with seven other central bank and regulatory officials. Their omission of not taking action to prevent the Spanish commercial bank’s initial public offering wasn’t a criminal action — even though its accounts may have been ...

Reuters Turkey’s central bank said it will keep monetary policy tight until the inflation outlook displays a significant improvement, after it kept rates steady for the third straight meeting. Current elevated levels of inflation and developments in core inflation indicators pose risks to pricing behaviour and the bank would deliver further monetary tightening if needed, it said. It kept all ...