On Thursday Nordea held a press conference at its Helsinki, which will next year host key employees who will be moved from Stockholm.
When asked why it was not enough that the Swedish government backed down over the resolution reserve fee, CEO Casper von Koskull said, “Nordea is a bank with four domestic markets. We are also a very large bank. It is therefore difficult to exist under one regulation that is based on one country.” For him it is a natural step to become part of the European banking union and be regulated by the Single Supervisory Mechanism, SSM.
He also comments that there never was any negotiation. “We have not been shopping around.” Instead the bank has carried out a thorough analysis.
Meanwhile Swedbank is in a good position to take over dissatisfied customers who leave Nordea, says Swedbank’s head of press Josefine Uppling.
Prime Minister Stefan Löfven understands that many Swedes are upset. “Here we have a bank that has twice received significant help. The whole reason the bank exists is because of Swedish taxpayers and the thanks for that is: we are moving the head office,” he says.
While Finland faces no immediate military threat, the country is not naïve, says Jussi Niinistö, the defence minister to business daily Dagens Industri. With military activity increasing in the Baltic region in recent years, Finland is increasing the speed with which it can mobilise its forces. The country is also planning to invest billions in new fighter jets and warships in the coming years.
Finland has sent requests for information regarding the replacement of Hornet aircraft to Britain, France, Sweden and the United States, and Saab’s Anders Garberg is doing all he can to ensure Finland selects the Gripen.
Talking to Dagens Industri, he assesses Saab’s chances of winning the tender as good; the Gripen is the most modern fighter among the competitors, it has lower operational costs and is made for Nordic conditions. Additionally, Saab hopes to win the contract by offering jobs in Finland.
Major General Kim Jäämeri, the Commander of the Finnish Air Force, has said that Finland may purchase Saab’s Gripen fighter jet, but such a decision will not be made before 2022.
Saab will face competition from America’s Lockheed and Boeing, France’s Dassault Aviation and EADS’ Eurofighter
Sweden and Finland recently announced closer military cooperation, including the joint use of airbases, and on Wednesday the Swedish government granted Finland access to classified information regarding the Gripen NG fighter jet.
The backdrop is that Finland is to replace its fleet of F-18 Hornet fighter aircraft at an estimated cost of 6 billion euro.