Nordea Bank AB (NDA) will need to cut more than the 2,500 jobs already axed to adjust to slow growth, as Scandinavia’s biggest bank focuses on increasing rewards to shareholders, Chief Executive Officer Christian Clausen said. “Exactly how we’re going to do this thing is not that clear,” Clausen said today in an interview in … Continue reading
Nordea Bank CEO Christian Clausen signalled on Wednesday he still needs to cut as many as 940 more jobs at Scandinavia’s biggest lender to reach a goal of lowering headcount at least 10%. “We have reduced our staff by 8%, we have come far,” Mr Clausen said in an interview, after the company said in … Continue reading