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Sweden braces for fallout from property slump

SBB, landlord with public property, at centre of fallout

Minister says ready to act if more accidents

Swedish house. | June 16, 2023 ....

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Analysis-Sweden braces for fallout from property slump

By Simon Johnson, John O'Donnell and Marie Mannes STOCKHOLM/FRANKFURT (Reuters) - Sweden's government is ready to step in to stem the fallout from a property rout if tumbling prices cause a wider crisis - a potential harbinger of trouble across Europe. High debts, rising interest rates and a wilting economy has produced a toxic cocktail for Sweden's commercial property companies, with several ....

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ANALYSIS-Sweden braces for fallout from property slump

High debts, rising interest rates and a wilting economy has produced a toxic cocktail for Sweden's commercial property companies, with several cut to junk by rating agencies. House prices are also down by around one-fifth since their March 2022 peak, according to the Organisation for Economic Cooperation and Development (OECD), reflecting soaring mortgage costs. ....

City Of , United Kingdom , Toby Chopra , Niklas Wykman , Ilija Batljan , John Odonnell , Chiara Elisei , Organisation For Economic Cooperation , Jp Morgan , Economic Cooperation , Financial Markets Minister Niklas Wykman , Sinead Cruise , Writing By Johno Donnell ,

Analysis: Sweden braces for fallout from property slump

Sweden's government is ready to step in to stem the fallout from a property rout if tumbling prices cause a wider crisis - a potential harbinger of trouble across Europe. ....

City Of , United Kingdom , Ilija Batljan , John Odonnell , Toby Chopra , Niklas Wykman , Chiara Elisei , Organisation For Economic Cooperation , Thomson Reuters Trust Principles , Jp Morgan , Economic Cooperation , Financial Markets Minister Niklas Wykman , Sinead Cruise , Writing By Johno Donnell , Thomson Reuters Trust ,

ECB pressures Austria's Raiffeisen bank to quit Russia -sources

The European Central Bank
is pressing Austria s Raiffeisen Bank International to
unwind its highly profitable business in Russia, five people
with knowledge of the matter told Reuters.
. | March 24, 2023 ....

United States , Elisa Martinuzzi , Stephanie Krisper , Alexander Schallenberg , James Obrien , Kirsten Donovan , Francesco Canepa , John Odonnell , Volodymyr Zelenskiy , Societe Generale , European Central Bank , Austria Raiffeisen Bank International , Repeats Thursday , Raiffeisen Bank International , State Department , Foreign Assets Control , Austrian President Alexander Van , Ukrainian President Volodymyr Zelenskiy , Some Austrian , Writing By Johno Donnell , Raiffeisen Bank International Ag Stock Exchange , Press Release , Old Rbi At0000606306 ,