Sep
17

Nordea Faces Client Mutiny in Sweden as Bank Moves Headquarters

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  • Independent broker estimates $628 million in mortgages lost
  • Sweden’s biggest banks say they can see influx from Nordea

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 country remain “at normal levels” and that the bank’s decision to move is “not a big issue” for most clients…

Nordea Faces Client Mutiny in Sweden as Bank Moves Headquarters

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