Kreditbanken

Last updated
Kreditbanken Norrmalmstorg 2012 Kreditbanken Norrmalmstorg 2012a.jpg
Kreditbanken Norrmalmstorg 2012

Kreditbanken is a former bank that was based in Stockholm, Sweden. Founded in 1923, it was merged with the Post Bank to form PK-Banken in 1974. PK-Banken purchased Nordbanken in 1980, and it later changed its name to Nordbanken, which in turn became part of Nordea.

The Kreditbanken is notable in that the condition known as Stockholm syndrome was named after the Norrmalmstorg robbery, which took place here. [1]

Nobis Hotel Stockholm occupies the northern end of the building.

Related Research Articles

<span class="mw-page-title-main">Nordea</span> Nordic financial institution

Nordea Bank Abp, commonly referred to as Nordea, is a Nordic financial services group operating in northern Europe with headquarters in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The bank is the result of the successive mergers and acquisitions of the Finnish, Swedish, Danish, and Norwegian banks of Merita Bank, Nordbanken, Unidanmark, and Christiania Bank og Kreditkasse that took place between 1997 and 2001. The Nordic countries are considered Nordea's home market, having finalised the sales of their Baltic operations in 2019. Nordea is listed on Nasdaq Nordic exchanges in Helsinki, Copenhagen, and Stockholm and Nordea ADR is listed in the US.

<span class="mw-page-title-main">Stockholm syndrome</span> Proposed psychological condition

Stockholm syndrome is a proposed condition or theory that tries to explain why hostages sometimes develop a psychological bond with their captors. It is supposed to result from a rather specific set of circumstances, namely the power imbalances contained in hostage-taking, kidnapping, and abusive relationships. Therefore, it is difficult to find a large number of people who experience Stockholm syndrome to conduct studies with any sort of validity or useful sample size. This makes it hard to determine trends in the development and effects of the condition, and in fact it is a "contested illness" due to doubts about the legitimacy of the condition.

<span class="mw-page-title-main">Norrmalmstorg robbery</span> 1973 bank robbery

The Norrmalmstorg robbery was a bank robbery and hostage crisis that occurred at the Norrmalmstorg Square in Stockholm, Sweden, in August 1973 and was the first crime in Sweden to be covered by live television. It is best known as the origin of the term Stockholm syndrome.

<span class="mw-page-title-main">SEB Group</span> Swedish financial group for corporate customers

Skandinaviska Enskilda Banken AB, abbreviated SEB, is a Swedish bank headquartered in Stockholm, Sweden. In Sweden and the Baltic countries, SEB has a full financial service offering. In Denmark, Finland, Norway, Germany, and the United Kingdom, the bank's operations are focused on corporate and investment banking services to corporate and institutional clients. The bank was founded in 1972 by the Swedish Wallenberg family, which is still SEB's largest shareholder through major investment company Investor AB. SEB is the largest Swedish bank by both market capitalisationand total assets.

<span class="mw-page-title-main">Norrmalmstorg</span>

Norrmalmstorg is a town square in central Stockholm, Sweden. It connects shopping streets Hamngatan and Biblioteksgatan and is the starting point for tram travellers with the Djurgården line. Close to the southwest is the park Kungsträdgården.

Skandinaviska Banken was a Swedish bank founded in Gothenburg, 1864. Its foundation coincided with the political aspirations of the Scandinavian movement, which sought to unite Sweden, Norway and Denmark into a single kingdom. Even if these aspirations came to naught, there was a Scandinavian Monetary Union, with a common currency, and a union between Sweden and Norway, that the bank potentially would be able to exploit.

The Wallenberg family is a prominent Swedish family renowned as bankers, industrialists, politicians, bureaucrats and diplomats, present in most large Swedish industrial groups, like Ericsson, Electrolux, ABB, SAS Group, SKF, AIK, Atlas Copco and more. In the 1970s, the Wallenberg family businesses employed 40% of Sweden's industrial workforce and represented 40% of the total worth of the Stockholm stock market.

<span class="mw-page-title-main">Nils Lundgren</span> Swedish politician and economist

Nils Gustav Herman Lundgren is a Swedish politician and economist, who is a former Member of the European Parliament (MEP). Between 2004 and 2008 he was the leader of the eurosceptical June List, which he had co-founded.

<span class="mw-page-title-main">Stockholms Enskilda Bank</span>

Stockholms Enskilda Bank, sometimes called Enskilda banken or SEB, was a Swedish bank, founded in 1856 by André Oscar Wallenberg as Stockholm's first private bank. In 1857, Stockholms Enskilda Bank began to employ women, claiming to be the first bank to do.

Nils Wilhelm Erik Penser is a Swedish financier and businessman.

<span class="mw-page-title-main">Hans Dalborg</span> Swedish business executive

Hans Folkeson Dalborg was a Swedish business executive, who was chairman of the board of Nordea from 2002 to 2011.

<span class="mw-page-title-main">Stockholm Syndrome (Muse song)</span> 2003 single by Muse

"Stockholm Syndrome" is a song by the English rock band Muse from their third studio album, Absolution. The song was released as the album's first single on 14 July 2003 and also appears on the Absolution live DVD. It was released alongside its artwork as a download-only single through the official Muse website. The song's promotional video was included in the "Time Is Running Out" CD single, and was shot using a thermal camera. A different video was made for the song's release in the US, depicting the band playing the song in a fictitious talk show.

<span class="mw-page-title-main">Carl-Axel Acking</span> Swedish architect, author and furniture designer

Carl-Axel Acking was a Swedish architect, author and furniture designer, winner of the Lunning Prize in 1952.

Maizels, Westerberg & Co. was a leading independent investment banking firm, specialising in major corporate finance transactions in the Nordic countries. The major focus of the firm was owner-driven transactions, restructurings, mergers, acquisitions and divestitures.

<span class="mw-page-title-main">PK-huset</span>

PK-huset is a combined office and department store building at Hamngatan and Norrlandsgatan at Norrmalm in Stockholm. Nowadays, the Nordic finance group Nordea has its Swedish branch office in the building.

Jan-Erik "Janne" Olsson is a Swedish criminal, born and raised in Ekeby, outside Helsingborg. He was the main culprit in the 1973 Norrmalmstorg robbery in Stockholm, for which the term Stockholm syndrome was named.

PK Banken or Post & Kreditbanken, "the Post and Credit Bank", was a Swedish bank formed through the merger of Kreditbanken and the nationally owned Postbanken in 1974. After the purchase of several regional banks, which included "Nordbanken", the entire bank took on that name. Nordbanken merged with the Finnish bank Merita in 1998 to form Merita-Nordbanken. Merita-Nordbanken merged in 2000 with the Danish Unibank to become Nordic Baltic Holding before acquiring the Norwegian Kreditkassen, and subsequently adopting the new Nordea brand.

FriherreCarl Jacob Palmstierna was a Swedish banker. He was CEO of Skandinaviska Enskilda Banken (SEB) from 1976 to 1989.

<span class="mw-page-title-main">Nobis Hotel Stockholm</span> Hotel in central Stockholm, Sweden

Nobis Hotel Stockholm is an upscale hotel in central Stockholm, Sweden. Located on Norrmalmstorg, the hotel has 201 rooms. Its atrium is one of its notable features.

<span class="mw-page-title-main">Sheraton Stockholm Hotel</span> Hotel building in Stockholm, Sweden

Sheraton Stockholm Hotel is a hotel at the intersection between Vasagatan and Tegelbacken in central Stockholm, Sweden, designed by AOS Arkitekter and opened in 1971. The hotel has 465 rooms making it one of the largest hotels in Sweden. The building is considered to have a high cultural historical value, even though the interior was thoroughly renovated in 2007. The hotel was the first Sheraton hotel in Continental Europe.

References

  1. "Stockholm syndrome". Nobis Hotel Sotckholm. Nobis Hotel Stockholm. Retrieved 26 December 2023.