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Home>Swedbank Plans Job Cuts To Lower Costs

Swedbank Plans Job Cuts To Lower Costs

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Tue, 21 Oct 2014

By Anna Molin STOCKHOLM--Swedish lender Swedbank AB (SWED-A.SK) Tuesday reported a 9% jump in third-quarter net profit and said it would cut between 600 to 800 position over the next two years, mainly through attrition, to lower costs. The Sundbyberg-based bank, the biggest lender in the Baltics,
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