Weak Summer Quarter at SEB Private Banking

Swedish bank SEB blamed lower stock market activity over the summer for a 16 per cent drop in third quarter operating profits in private banking. Operating profits fell to SEK142 million ($19.6 million)....

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By: Nick Parmee
October 31, 2006
Swedish bank SEB blamed lower stock market activity over the summer for a 16 per cent drop in third quarter operating profits in private banking. Operating profits fell to SEK142 million ($19.6 million)....