News Norway Banks: Norway wealth fund excludes Caterpillar and five Israeli banks
Norway's $2 trillion wealth fund, the world's largest, said on Monday it has divested from U.S. construction equipment group Caterpillar and from five Israeli banking groups on ethics grounds. The five banks are Hapoalim, Bank Leumi, Mizrahi Tefahot Bank, First International Bank of Israel and FIBI Holdings, the fund said in a statement. The six groups were excluded "due to an unacceptable risk that the companies contribute to serious violations of the rights of individuals in situations of war and conflict," said the fund, which is operated by Norway's central bank.
News Norway Banks: Norway’s central bank holds but keeps door open to hike
Though inflation had slowed—it was still too high—and too early to conclude that the outlook had materially changed, Gov. Ida Wolden Bache said.
News Norway Banks: Norway: New Wave Of Bank Consolidation
The current wave of consolidation includes a three-way merger deal between Skagerrak Sparebank, Andebu Sparebank and Larvikbanken in southeast Norway. A new wave of consolidation is breaking over ...
News Norway Banks: Norway: Proposed Capital Mandate Raises Small Bank Ire
New capital requirements could reduce the mortgage loan lending capacity for Norway’s small and medium-sized banks by up to $17.3 billion. Norway’s finance minister, Trygve Slagsvold Vedum, faces an ...
News Norway Banks: How to get an electronic ID in Norway without a ‘personnummer’
It may feel like you can only order an electronic ID in Norway if you have a 'personnummer', but that isn’t the case, and there are plenty of options if you only have a D-number.
News Norway Banks: Race to Pick Norway’s Central Bank Chief Branded a ‘Farce’
Norway’s race to appoint a new central bank governor is reaching a finale mired in controversy at the prospect of a political ally and friend of Prime Minister Jonas Gahr Store getting the job.
