End of recession

The head of Danske Bank, the nation’s largest bank, says the Great Recession has come to an end six years after it began in 2007. Ejvind Kolding aired his comment after Danske Bank on Thursday released an unexpectedly strong second-quarter report. The bank’s full-year earnings forecast met market expectations, but a reduction in write-downs to a “normal amount” will allow it to “begin looking forward again”, Kolding said. – EPN.dk