Nordea Bank AB may be cutting thousands of jobs to go digital, but in its wealth management business, it’s hiring. The bank, which is moving its headquarters to Finland from Sweden for regulatory reasons, has hired about 75 people over the past year to help run its $400 billion wealth unit, according to its head, Snorre Storset. “Wealth management is a growth area which we have invested heavily in, not least asset management,” he said in an interview in Oslo on Tuesday. “We’ve hired quite a...

The European bank with the most capital relative to total assets is DNB ASA of Norway. That pedigree will make it easier to sell a new kind of senior debt that’s designed to absorb losses if issuers get into trouble, according to the bank. “We don’t think that will be a big challenge or problem for DNB due to the fact that we are so solid compared to other banks,” Chief Executive Officer Rune Bjerke said in an interview in Oslo. “And we know that demand for all kind of DNB papers in the...