Sweden's Nordea hit by choppy markets

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SWEDEN - Results from Swedish financial services group Nordea, a major player in the custody market, were bruised last year but posted some improvements in fourth quarter figures.

The firm registered a 21% drop in operating profits in 2001 to EUR1,028m, versus EUR2,435m in 2000. The firm blamed higher investment earnings in 2000 as a result of particularly strong capital ma...

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