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Wall Street targets the Nordics after latest spike in wealth

One of the world’s richest corners has become a magnet for a growing number of Wall Street banks and investment managers.

Photo: Mike Segar/Reuters/Ritzau Scanpix, Brendan Mcdermid/Reuters/Ritzau Scanpix & Charles Platiau/Reuters/Ritzau Scanpix

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.

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