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HQ Bank
HQ Bank was a Swedish finance and banking corporation founded by Sven Hagströmer and Mats Qviberg (the last names of which form the H and the Q of the bank's name). It began operations in 2006. Due to unmanageable risk and losses its banking licence was revoked in 2010, the bank's crash caused the loss of several billion SEK and is one of the largest banking crashing in Sweden. Several board members were prosecuted for fraud but were acquitted. History Sven Hagströmer started a finance company in 1981, which became Hagströmer & Qviberg in 1989 when Mats Qviberg joined the company as a partner to Hagströmer. Patrik Enblad was the chief executive officer of the company and Mats Qviberg was chairman of the board of directors. Crash In early 2010, HQ Bank closed down its trading activities, and realised a loss of 1.23 billion SEK in its trading portfolio. Losses were primarily related to the bank's derivatives trading, and since they vastly exceeded the bank's estimat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aktiebolag
''Aktiebolag'' (, " stock company") is the Swedish term for "limited company" or "corporation". When used in company names, it is abbreviated AB (in Sweden), Ab (in Finland), or, rarely, A/B (dated), roughly equivalent to the abbreviations ''Ltd.'' and '' PLC''. The state authority responsible for registration of aktiebolag in Sweden is called the Swedish Companies Registration Office. Sweden All ''aktiebolag'' are divided into two categories: private limited companies and public limited companies. The name of a private limited company may not contain the word ''publikt'' ("public") and the name of a public limited company may not contain the word ''privat'' or ''pvt.'' ("private"). Public A public limited company (''publikt aktiebolag'') is legally denoted as "AB (publ.)" in Sweden or "Abp" in Finland. A Swedish public limited company must have a minimum share capital of 500,000 Swedish kronor and its shares can be offered to the general public on the stock market. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Expressen
''Expressen'' (''The Express'') is one of two nationwide evening newspapers in Sweden, the other being '' Aftonbladet''. ''Expressen'' was founded in 1944; its symbol is a wasp and its slogans are "it stings" or "''Expressen'' to your rescue". Overview The first edition of ''Expressen'' was published on 16 November 1944. A main feature that day was an interview with the crew members of a British bomber who were successful in sinking the German ship ''Tirpitz''. A project of Albert Bonnier Jr., Carl-Adam Nycop, and Ivar Harrie – who was to become the first editor-in-chief – Expressen was created in part to push back against "national socialism and related violent ideologies." The paper is owned by the Bonnier Group. As of 2005, the paper had a liberal stance, but it declared its independent leaning in 1995. Through mergers, the Gothenburg edition of ''Expressen'' is titled '' GT'' (originally ''Göteborgs-Tidningen'') and the Malmö edition is titled ''Kvällsposten'', ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Banks
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services (fixed income instruments, currencies, and commodities) or research (macroeconomic, credit or equity research). Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutique market ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Sweden
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sveriges Radio
Sveriges Radio AB (, "Sweden's Radio") is Sweden's national publicly funded radio broadcaster. Sveriges Radio is a public limited company, owned by an independent foundation, previously funded through a licensing fee, the level of which is decided by the Swedish Riksdag. As of 1 January 2019, the funds stem from standard taxation. No advertising is permitted. Its legal status could be described as that of a quasi-autonomous non-governmental organization. History The company – which was founded as AB Radiotjänst ("Radio Service Ltd") by a consortium of newspaper companies, the TT news agency, and radio manufacturing interests on 21 March 1924 – made its first broadcast on 1 January 1925: a relay of High Mass from St James's Church in Stockholm. It was officially renamed Sveriges Radio in 1957. Sveriges Radio was originally responsible for all broadcasting in Sweden, both radio and television, and hosted the 1975 Eurovision Song Contest. A reorganization in 1979 saw i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carnegie Investment Bank
Carnegie Investment Bank AB is a Swedish financial services group with activities in securities brokerage, investment banking and private banking. Founded in 1803, Carnegie is headquartered in Stockholm with offices across the Nordic region, as well as in London, New York, and Luxembourg. The company has market leading positions in equities research and brokerage, corporate finance advisory and private wealth management. Carnegie’s customers include institutional investors, corporates, financial institutions, private equity firms, governments and high-net-worth individuals. In 2018 Carnegie had revenues of SEK 2.4 billion and as of 31 December 2018 assets of SEK 12.6 billion. Assets under management amounts to SEK 110 billion and the number of employees is approximately 600 as of Q2 2019. In the wake of the economic crisis of 2008 Carnegie Investment Bank AB was nationalized on 10 November 2008. In May 2009, the bank was acquired in a joint venture by the private equity com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liquidation
Liquidation is the process in accounting by which a company is brought to an end in Canada, United Kingdom, United States, Ireland, Australia, New Zealand, Italy, and many other countries. The assets and property of the company are redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry. Liquidation may either be compulsory (sometimes referred to as a ''creditors' liquidation'' or ''receivership'' following bankruptcy, which may result in the court creating a "liquidation trust") or voluntary (sometimes referred to as a ''shareholders' liquidation'', although some voluntary liquidations are controlled by the creditors). The ter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Supervisory Authority (Sweden)
Financial Supervisory Authority ( sv, Finansinspektionen, FI) is the Swedish government agency responsible for financial regulation in Sweden. It is responsible for the oversight, regulation and authorisation of financial markets and their participants. The agency falls under the Swedish Ministry of Finance and regulates all organisations that provide financial services in Sweden. History FI was formed 1991 to create a single integrated regulator covering banking, securities, and insurance in Sweden. This was done with the merging of the former banking and insurance supervisory bodies, the Bank Inspectorate ( sv, Bankinspektionen) and the Insurance Supervision Authority ( sv, Försäkringsinspektionen). Responsibilities FI's primary responsibility is market stability and the monitoring of financial markets and participants. It also has a responsibility to provide consumer protection in relation to financial products. One of its tasks is monitoring for instability that will ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Derivative (finance)
In finance, a derivative is a contract that ''derives'' its value from the performance of an underlying entity. This underlying entity can be an asset, index, or interest rate, and is often simply called the "underlying". Derivatives can be used for a number of purposes, including insuring against price movements ( hedging), increasing exposure to price movements for speculation, or getting access to otherwise hard-to-trade assets or markets. Some of the more common derivatives include forwards, futures, options, swaps, and variations of these such as synthetic collateralized debt obligations and credit default swaps. Most derivatives are traded over-the-counter (off-exchange) or on an exchange such as the Chicago Mercantile Exchange, while most insurance contracts have developed into a separate industry. In the United States, after the financial crisis of 2007–2009, there has been increased pressure to move derivatives to trade on exchanges. Derivatives are one of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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