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|Title:||Sweden loses big bank Nordea to Finland|
|Series/Date:||Debates September 2017|
|Source Origin:||Professional/public/political organisation|
|Source Type:||Background, News|
|Notes:||Northern Europe's biggest bank, Nordea, announced in September 2017 that it was moving its headquarters to Helsinki. The Swedish government's plans to raise taxes for the banking sector were the main reason for the move. By transferring to a Eurozone country Nordea would be subject to the regulations of the European banking union, of which Sweden was not a member. What does the move mean for the countries in question?|
|Keywords:||Sweden / Finland - Banking / Banks|
|Subjects:||7.5.a - Financial services|
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