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Nordea CEO: We're Adjusting Business Model to 'New Normal'

Wednesday, 18 Jul 2012 | 3:15 AM ET

Christian Clausen, CEO of Nordea, told CNBC, "We are adjusting our whole business model to the new normal and the new normal is low growth, very low interest rates and all these new requirements on banks and regulation. The fundamental thing right now is to make sure we run the bank more efficiently."