Nordea issues profits warning on back of shortfall

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NORWAY - The Nordic region's biggest bank, Nordea, is to slash its Q2 pre-tax profits by E152m in order to cover a bigger than expected pensions shortfall.

The firm blamed declining equity markets markets for an increase of E106m in its pension fund deficit during the three months to June, from E46m at the end of March. In a statement, Nordea sa...

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