Handelsbanken’s share price was down about 5% yesterday as the Swedish bank announced a sharp increase in its total risk-weighted assets. This follows a requirement imposed by the Swedish FSA to use standard models for the calculation of RWA at the bank’s UK subsidiary. However, the share price was 3% higher at the opening today as management disclosed a strategic plan regarding the bank’s cost base.
16 Sep 2020
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Svenska Handelsbanken AB Class A (SVHH:FRA) | 0 0 0.4% | Mkt Cap: 224,809m
- Published:
16 Sep 2020 -
Author:
Farhad Moshiri -
Pages:
3
Handelsbanken’s share price was down about 5% yesterday as the Swedish bank announced a sharp increase in its total risk-weighted assets. This follows a requirement imposed by the Swedish FSA to use standard models for the calculation of RWA at the bank’s UK subsidiary. However, the share price was 3% higher at the opening today as management disclosed a strategic plan regarding the bank’s cost base.