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Home Norway

Norway Fines Danske for ‘Grave’ Case of Bond Market Manipulation

January 22, 2025
in Norway
Norway Fines Danske for ‘Grave’ Case of Bond Market Manipulation
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Danske Bank A/S, which is trying to move on from one of Europe’s largest money laundering scandals, was fined in Norway for manipulation in the country’s sovereign bond market.

The Norwegian Financial Supervisory Authority handed Denmark’s largest lender a fine of 50 million Norwegian kroner ($4.4 million), Danske said in a statementBloomberg Terminal on Wednesday. The Copenhagen-based bank said it acknowledged it didn’t act properly in connection with a 2023 bond issuance.

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Publish date : 2025-01-22 01:57:00

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