Nordea suspends analysts after coronavirus report – E24

Nordea suspends analysts after coronavirus report - E24

Nordea has pulled a controversial report in which senior analysts questioned the effect of coronavirus vaccines, drawing comparisons to Hitler’s regime. Both are now suspended by the big bank.

Suspended: Chief Strategist Andreas Steno-Larsen and his colleague, Chief Analyst Martin Enlund.


Nordea confirmed it had suspended the work of the two senior analysts, after the bank on Wednesday withdrew the controversial report written by the two.

In the analysis, authors and chief analyst Martin Inlund and chief strategist Andreas Steno Larsen, among others, question the effectiveness of the Corona vaccine, official numbers of infection and a reference to the Nuremberg process.

Now it has been suspended.

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– We have embarked on an internal review, and the two analysts will not write or publish anything during the review, he says
Bank on Friday, according to Bloomberg.

Nordea’s chief customer manager, Martin Pearson, apologized for the memo and said Nordea will continue to “publish credible analysis and research with integrity,” according to Bloomberg.

As a bank, our expertise is to support the bank and advise our clients on their financial situation. In the statement, Pearson said, we leave medical advice to experts, and therefore we, as a company, follow the advice of the authorities on vaccines and the Corona virus.

Report removed after three days

The report was published on the Nordea website on Sunday. On Wednesday, the report was removed after it caused an uproar on Twitter.

On the same day, Nordea wrote on Twitter that the opinions in the analysts’ report did not reflect the banks’ official position and that they should launch an internal investigation.

Svenske Enlund joined Nordea in 2014 as Chief Analyst and previously worked at Svenska Handelsbanken for nine years. Danche Steno Larsen has been with Nordea for over ten years.

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Dalila Awolowo

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