SEBanken want to save billions


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Friday, 16 September 2011
Swedish giant bank SEB wants to tone down its perceived strong position by cutting down costs. It will keep costs unchanged at Skr24 billion until 2013.

This means that the banking group currently have to save Skr3 billion, to meet increases in salaries, investments and more.
Media Relations Manager Viveka Hirdman-Ryrberg says to Swedish business daily Dagens Industri that it is primarily about cost savings in IT and purchasing, not staff reductions.

According to Swedish newspaper Svenska Dagbladet 6,000 jobs have been lost in the big banks this year, mainly abroad.
By Team

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