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Swedish bank CEO fired for getting too high-tech
Add BT as a preferred sourcePublished Wed, Aug 17, 2016 · 09:50 PM
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Stockholm
BANKS everywhere are doing it: cutting branches, herding customers online, and centralising powers to save money and stay competitive. But there's a lender in Sweden that just fired its CEO for not doing enough to move in the opposite direction.
Svenska Handelsbanken AB, with more Swedish branches than any of its main competitors, just got rid of its 48-year-old CEO, Frank Vang-Jensen. He's told Handelsbanken that he doesn't want to discuss the board's decision with the media, according to a spokesman for the bank.
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