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Europe's economy and sway the financial sector is again under heavy pressure. Then gather a secret society of Europe's bankers in Stockholm for a three-day meeting. SEB, Handelsbanken and Nordea stands for the event and most of the bill, reported Dagens Industri.
HEB, the Institut International d'Etudes Bancaires, is an exclusive members' club for European bankers that has existed since 1951 - but there are few visible traces of its existence.
"HEB is not something one's talking about," says a former member to the DI.
None of the former members of the DI talked to want to be identified. They describe the HEB as an exclusive workshop in which members are elected. What is said at meetings and the conclusions to be drawn to stay in the HEB.
"If it happened in the construction industry would be called cartel, but HEB has never had any problems," says a former member to the DI.
For three days, the Society's members are guests at the Stockholm banquet, this year's location for the Spring. The bill will host SEB, Nordea and Handelsbanken, with contributions from HEB.
SEB's main shareholder the Wallenberg family have set up with representation of the villa for a lunch for the bankers.
HEB has high status, and the host country's president, prime minister or finance minister participates in the meetings is obvious. To the Stockholm meeting was Prime Minister Fredrik Reinfeldt, Minister for Finance Anders Borg and Financial Markets Minister Mats Odell invited. Just Reinfeldt declined. Although the Central Bank Governor Stefan Ingves is involved.
None of the former members of the DI talked to want to be identified. They describe the HEB as an exclusive workshop in which members are elected. What is said at meetings and the conclusions to be drawn to stay in the HEB.
"If it happened in the construction industry would be called cartel, but HEB has never had any problems," says a former member of the DI.
Handelsbanken drop out of the meeting with the banking company IIEB in protest, state television four business news. Handelsbanken's CEO Pär Boman will not participate in the conference.
A secret society made up of Europe's most powerful bankers is in a three-day meeting in Stockholm to discuss the ongoing crisis.
But the agenda is the shopping and lavish celebrations, according to Dagens Industri. Bank Society, IIEB Institut International d'Etudes Bancaires, is an exclusive members' club which has existed since 1951 but who left few visible traces. Bill for the meeting in Stockholm yesterday for the Swedish banks.
"We had two comments. First, that this program should not be conducted in secret without the press should be invited when there is this kind of turbulent crisis. And second, the costs of dinners and bundled software," says John Lagerström, press officer at Handelsbanken, the television 4 business news.
Secret bank meeting in Stockholm
Posted May 19, 2010 - 12:31
Uppdaterad 19 maj 2010 - 12:32 Updated May 19, 2010 - 12:32
A secret society consisting of Europe's most powerful bankers is in a three-day meeting in Stockholm to discuss the ongoing crisis.
But the agenda is the shopping and lavish celebrations, according to Dagens Industri.
Bank Society, IIEB Institut International d'Etudes Bancaires, is an exclusive members' club which has existed since 1951 but who left few visible traces. Bill for the meeting in Stockholm yesterday for the Swedish banks.
Handelsbanken drop-out in protest
But Handelsbanken leave in protest banking company, said four television financial news. Handelsbanken's CEO Pär Boman will not participate in the conference.
"We had two comments. First, that this program should not be operated in secret without the press should be invited when there is this kind of turbulent crisis. And second, the costs of dinners and bundled software, "said Johan Lagerström, press officer at Handelsbanken, the 4 television financial news.
Swedish top banker boycotts secret meeting
A secret society of top European bankers has run into problems ahead of a meeting in Stockholm.
The European bank organisation, Institut International d'Etudes Bancaires (IIEB), has been described as a secret club for top bankers.
Its three-day annual spring conference in Stockholm, hosted by the Swedish banks Handelsbanken, SEB and Nordea, is being slammed for its lack of insight.
"If it happened in the construction industry it would be called a cartel. But IIEB has never had any problems," a former member told business daily Dagens Industri.
The agenda, which has not been made public, is a mixture of seminars, discussions, dining and shopping. Tabloid Expressen describes the conference as a "lavish banquet with expensive dinners and mingling with the Swedish royals".
Annika Falkengren, head of SEB, is said to be the driving force behind the beanfeast. But the three banks now seem to have fallen out after different opinion on who will pick up the bill and the ethics of secrecy.
The chief executive officer of Handelsbanken, Pär Boman, has decided to turn his back on the conference.
Top Managers of the elite secret societies - super meeting this weekend at the Wallenberg
In this secret society are the cream of Sweden's and Europe's elite. On Saturday the club will meet in secret in the family Wallenberg's residence on Djurgården in Stockholm.
This is an exclusive members' club for European bankers, the Institut International d'Etudes Bancaires, or simply IIEB. The company has been around since 1951 but there is as Dagens Industri few visible traces of its existence
"IIEB is something that you simply don't talk about," said one former member, who did not wish to appear with his name, told the newspaper.
Originally posted by Chevalerous
All of the top European Bank chairman & executives seems to be on the list - but so far (uptil now) I can unfortunately not find any American participants of this meeting - and there is not much more information to find at this moment, but this could of course change later today OR in the coming days perhaps?
So? Are the American observers excluded from this meeting because of the recent events with American financial intstitutions and Hedge Funds attacking and waging economical warfare against Europe and the €uro?
Originally posted by Chevalerous
So? Are the American observers excluded from this meeting because of the recent events with American financial intstitutions and Hedge Funds attacking and waging economical warfare against Europe and the €uro?
Originally posted by primus2012
I wonder if this is the meeting that takes place to set the agenda of the Bilderberg Group's meeting, ya know like the bosses of the bosses? I'd wager that the Baron is a static fixture at this meeting, and the rest of the attendees are dynamic.
Originally posted by jaynkeel
People need to intervene, waiting for the corrupt government to do something is like crapping in one hand and wishing in the other. Your hands will soon be overflowing. Like I say every other time on these boards, grab your torches and pitchforks and march for their place of residence. Time to go back a couple of centuries and teach these people right from wrong. Even if it means bloodshed, or face the alternative and shut the hell up and quit posting these stories. My god when will people get it that they don't care about you. The war has already begun now lets see who's got more people on their side, the truly corrupt has maybe 5000 worldwide against a couple of billion people who want to be free of them. No thats just an estimate, I don't have actual #'s on who is truly at the top causing all the grief, but I could think of a few key players.
Originally posted by NexGenRevolution
Originally posted by Chevalerous
So? Are the American observers excluded from this meeting because of the recent events with American financial intstitutions and Hedge Funds attacking and waging economical warfare against Europe and the €uro?
I like what you did there with the "E" on "euro". Yeah, A+ man.
Oh and: Grab you torches and pitchforks!!! We're taking this b**** down!!!
Yeah, crazy stuff man.
EDIT TO ADD:
S&F, because of the E man. Nicely done.
Originally posted by j2000
What amazes me is the fact that mostly one family controls and guides most of the world thru money. You would think in the last 150 years someone would have taken that family out.
This is one time history has not repeated itself.