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Nordea Slammed by Activist Investor for Poor Results

BNN Bloomberg

(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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