1. Nordea Slammed by Activist Investor for Poor Results

    Nordea Slammed by Activist Investor for Poor Results

    (Bloomberg) -- The chief executive officer of Nordea Bank Abp, Casper von Koskull, defended management’s efforts to cut costs and improve revenue amid a dressing-down from an activist investor who criticized the lack of profit growth. Net income for the quarter came in about 5 percent below market expectations, though the bank’s net interest income was slightly better than analysts had anticipated. For Christer Gardell, co-founder of Cevian Capital, the result wasn’t good enough...

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    1. It's positive that there is growth, but it's not very exciting. We hope that it will improve in 2019.
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