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Why Swedish bank tortoises give big EU hares a drubbing Add to ...

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If you were buying bank shares for the long term a decade ago, should you have picked the tortoise or the hare? The tortoise is the correct answer. Aesop would be proud. Over the past 10 years the FTSE Eurofirst banking index, dominated by racy investment banking types such as Deutsche Bank and Credit Suisse, has fallen 50 per cent. Swedbank, a less exciting institution, has risen by a similar amount while compatriot Nordea is up almost 400 per cent.

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