SEB CEO: Great Risk of New Bank Tax

Marcus Oscarsson

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"Most likely"

borskollen.se

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The question of a bank tax emerged as one of the most debated in the election campaign. SEB CEO Johan Torgeby now says that he sees a real risk of some form of bank tax. And it is the customers who risk having to pay. Behind the warning lies a concrete opposition proposal. The Social Democrats want to introduce a temporary tax on the part of the banks' net interest income that exceeds the historical average. Net interest income is the banks' inc…

Dagens industri

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After the election, there is a great risk that the bank tax that the Social Democrats campaigned on will be scrapped. This is what SEB CEO Johan Torgeby believes.

arvopaperi.fi

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The narrow victory of the left in the Swedish elections puts the potential additional tax on banks back on investors' watchlist. OP Pohjola and Citi's calculations are based on different tax scenarios, but in both cases Nordea's impact would be relatively smaller than that of large banks focused on Sweden. A tight election result could also make it more difficult to pass the tax.