Nordea culls securities from markets unit amid negative rates

As long-term negative interest rates reshape life in the Nordic region, its biggest bank is trying to reinvent one of its most important business areas.
Photo: CHRIS HELGREN/REUTERS / X00378
Photo: CHRIS HELGREN/REUTERS / X00378
BY FRANCES SCHWARTZKOPFF & RAFAELA LINDEBERG / BLOOMBERG

Nordea says it’s rethinking how it does market making ­ a service that helps investors carry out securities trades and ensures liquidity ­ in an effort to adapt to long-term negative rates.

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