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August 9th, 2013

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Nordea could find itself the subject of two separate investigations into whether it violates good banking practises by threatening customers who seek to transfer their accounts. Finanstilsynet, the financial services authority, said it would look into whether any ethical violations had occurred when Nordea told a housing association that if it transferred its account, the association’s residents would be forced to move their home loans. Henrik Øe, the consumer ombudsman, said his office may also may look into the threat. He was certain such practises were widespread, but was less convinced they violated any laws. – Børsen