I'm grateful I'm not one of them

Like those who had their savings in Russia funds that were completely wiped out, another group of Swedish pension savers is now affected.

One of Sweden's largest occupational pension companies, Alecta, which is a major shareholder in SVB Financial Group Common Stock (SIVB), was hit hard when SIVB announced that it needed to strengthen its balance sheet. According to information, the value of Alecta's holdings in SIVB fell by 0.5 billion dollars last night.

I hope that those who have their pension savings with Alectra have many years left in their working life so they have time to rebuild their capital again.