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Danske Bank announces accusations of cases of price manipulation in 2009


Friday, 7 Feb 2014 09:11am EST 

Danske Bank A/S:Says the Danish Public Prosecutor for Serious Economic and International Crime (SOeIK) has brought accusations against the company of price manipulation.Says in connection with an internal investigation, Danske Bank found that the Group’s internal rules had been violated in relation to bond transactions between Realkredit Danmark and Danske Bank in the corporate mortgage bond market in 2009.Says Danske Bank informed the Danish Financial Supervisory Authority (FSA) of the matter, and the FSA handed the matter over to SOeIK.Says Danske Bank has found that in 2009, a total of four employees from the banking operation and Realkredit Danmark violated internal rules and may potentially have manipulated prices. 

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161.5
1.0 +0.62%
10:59am EDT