Danske Bank “underestimating risks”

The nation’s largest bank may not be as rock-solid as it wants everyone to believe. Danske Bank, according to three university professors, has underestimated the risk of some of its loans. Their claim comes after a similar finding by financial watchdog FSA was challenged by the bank. The allegation was based on data showing that in 1996 that 70 percent of Danske Bank’s investments were risky enough for the bank to be required to adjust their cash reserve as a result, yet currently the level is 23 percent, a  figure that is well below the average for 15 foreign banks. – Erhverv & Økonomi

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