Wall Street Targets the Nordics After Latest Spike in Wealth

Pedestrians cross tramlines in near the Forum shopping center in Helsinki.Photographer: Maija Astikainen/Bloomberg
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One of the world’s richest corners has become a magnet for a growing number of Wall Street firms.

The Nordic countries -- best known for their universal welfare models and domination of world happiness rankings -- now have a surplus of cash after years of central bank stimulus. That’s prompting banks from across the globe to line up with advice on everything from money management to mergers and acquisitions.