Fund losses sharpen Nordea's takeover hunt

The institutional asset management business of Nordea, the Nordic financial services group, suffered net business losses of €200m ($238m) in the third quarter of this year after losing a number of unspecified large client mandates.

The institutional losses in the second quarter had hit €800m.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink