Published On: Sun, Oct 11th, 2015

BLOOMBERG: Banks Face Client Fee Restrictions in Scandinavia to End Abuses

Banks in Scandinavia face a possible ban on some commissions just as the industry relies more on fee-based revenue streams.

Sweden _Swedbank.jpSwedish Bank

 

Sweden and Denmark may order banks to stop charging customers for the distribution of investment products, including those created by banks’ own subsidiaries, according to the two countries’ regulators. The deliberations are based on concerns that the current fee structure creates conflicts of interest which European Union rules don’t adequately address.

Read the full story at Bloomberg, by Frances Schwartzkopff Amanda Billner

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