1. Bonus Handelsbanken Account
2. Handelsbanken Bonus System

HANDELSBANKEN

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, Denmark, Finland, the Netherlands, and internationally. The company offers savings, transactions, business, currency, and investment accounts, as well as accounts for cash pool, and forestry and agriculture; mortgage and committed loans, and private loans; mutual funds; pension products; credit and debit cards; and accounts, and payme...nt and reconciliation services. It also provides financing for investments, such as equipment, cars, computers, and other inventories, as well as sustainable, vehicle, and real estate financing services; green loans and advisor services; investment and other financing services; medical care group and health, disability, and travel insurance products; pension products; forestry and farming banking products; and online and mobile banking services. In addition, the company offers trade finance, cash management, risk management, and foreign exchange services, as well as various banking services for children and young people. It operates approximately 376 branches in Sweden, 204 in the United Kingdom, 45 in Norway, 43 in Denmark, 27 in Finland, and 29 in the Netherlands, as well as 8 branches in other countries. Svenska Handelsbanken AB (publ) was founded in 1871 and is headquartered in Stockholm, Sweden.

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1 day ago Handelsbanken Fonder AB reduced its holdings in shares of Nuance Communications, Inc. (NASDAQ:NUAN) by 25.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,078,552 shares of the software maker’s stock after selling 719,000 shares during the quarter. Handelsbanken Fonder AB owned. Handelsbanken’s head of the North, John Parker, said that only a “handful” of employees working in capital markets receive a bonus. This is out of a total of 12,500 staff across the group.

Bonus issue SEK 97.4 million without the issuing of new shares, increasing the nominal value of the shares from SEK 4.30 to SEK 4.45. SEK 2,888 million: 2005: Reduction of share capital of SEK 98.5 million through cancellation of repurchased shares. Bonus issue SEK 100 million increasing the nominal value of the shares from SEK 4.15 to SEK 4.30.

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Financial & Stock

Svenska Handelsbanken AB (publ) (SHB-B.ST)

The bonus payments to bankers once again are hotly disputed in Switzerland. Doing away with such variable forms of compensation is not under consideration in the country even though some foreign companies have shown this to be a viable option.

The annual bonus discussion may turn out to be a particular heated one this year. Last year, Credit Suisse and GAM faced shareholder revolts over the payments of their top executives. Meanwhile, Sergio Ermotti, the CEO of UBS, is in the news as Europe’s best-paid banking boss.

UBS for 2017 at least had an operative improvement to report. Credit Suisse by contrast faced another whopping loss, this time round because of the tax policies of U.S. President Donald Trump. And yet, CEO Tidjane Thiam was unequivocal about his intention to pay the management (and himself) a handsome bonus.

Fat-Cats or Talent Worth Every Penny?

The Swiss banking staff association (SBPV) has not wasted any time to raise its voice against what it says are over-the-top variable compensation. Shareholder representatives, major investors and politicians will likely follow their lead as soon as the major banks published their bonus packages.

Fat-cats and rip-offs – or in the German lingo «Abzocker» – are what one side will decry. Banks by contrast will claim that they can’t get the best without paying proper compensation. The regulation books on variable payments will sure receive additional entries as a consequence.

Looking Elsewhere for Inspiration

Bonus Handelsbanken Account

The two sides are in for some tough months with little to gain for any of them. How about looking at the alternatives instead? How about receiving an attractive fixed salary and receiving a handsome reward after decades of dutiful service? Without having to feel like a pariah?

It’s possible – Sweden is where it happens. Svenska Handelsbanken, one of the country’s most prestigious institutes, is doing just that: it pays almost only fixed wages. The salary has nothing to do with how the bank does in any particular year. Bankers receive their bonus once they reach the age of 60, according to a report by «Bloomberg».

It Works – Without Bonuses

This has nothing to do with Sweden’s acclaimed welfare state. And Handelsbanken is not just any bank, it’s shares have doubled in value over the past ten years.

Shareholders seem not to bother if a bank decides not to pay bonuses. When Allied Irish last year listed its shares, they sold out and the stock has added in value since. And this even though Irish bank haven’t paid any bonuses since the financial crisis and capped their salaries at 500,000 euros.

Short-Terminism

Handelsbanken Bonus System

Another special case. In a way it seems pretty evident that bankers who are well paid and in for the long run are interested in minimizing risks for the company and shareholders. Bonuses by contrast tend to prompt short-term shareholder value, but equally lead to higher risk-taking within the company.

Considering the fact that two out of three of the well-paid bankers in Europe have influence over risk-taking, bonuses may not seem the best form of compensating the staff of banks.