SEB Q3 Profit Falls as Net Interest Income Rises; Buybacks to Pause
Skandinaviska Enskilda Banken reported lower third-quarter profit and nearly flat operating income, while net interest income increased. The bank said it will pause share buybacks.
STOCKHOLM (dpa-AFX) - Skandinaviska Enskilda Banken AB or SEB (SEBYF, SEBa.ST), a Swedish banking major, reported Thursday lower profit in its third quarter amid nearly flat total operating income, even as net interest income was higher.Looking ahead, SEB said it continues cost management efforts t…