Nordic banking group Nordea will close its equity research division and replace its research with independent coverage from Standard & Poor’s, it was announced last week.
S&P’s equity research will be available to internal Nordea staff as well as to the firm’s institutional clients. The deal extends an agreement signed last year for S&P to provide Nordea with research on US and European companies (IMD, April 7, 2003).
The two parties signed a five-year deal last week, terms of which were not d
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