LO threatens to leave Nordea

Criticism against Nordea is growing after it was revealed that the Nordic region’s largest bank helped customers create mailbox companies in the tax haven Panama.

In Finland the three parliamentary parties decided to cease cooperation with Nordea, followed last week by the Finnish transport union, AKT, and then three days ago the industrial union, Team.

SvD reports that the Swedish Trade Union Confederation (LO) is now considering breaking off with Nordea. According to CFO at LO, Kjell Ahlberg, LO is first waiting to find out whether the bank broke any regulations.