Denmark’s banks won’t face an extra 6 billion kroner ($1.1 billion) in taxes targeted by the opposition because most lawmakers would block such a proposal, Danske Bank A/S Chief Executive Officer Peter Straarup said.
Danske Bank A/S Chief Executive Officer Peter Straarup said Denmark’s biggest lender faces an inhospitable earnings climate for years to come as Europe’s toughest resolution laws and a lack of demand hurt its markets.
The fallout of Denmark’s house price collapse is spreading through Danske Bank A/S’s loan book as the country’s biggest lender watches losses grow at its retail unit, said outgoing Chief Executive Officer Peter Straarup.
Ireland’s economy won’t recover until 2011, said Peter Straarup, chief executive officer at Danske Bank A/S, which in 2005 acquired Northern Bank in Northern Ireland and National Irish Bank in the Republic of Ireland.
Danske Bank A/S’s new Chief Executive Officer Thomas Borgen criticized what he called unsatisfactory investor returns over the past half-decade and vowed to improve the bank’s performance by winning back customers.
Barclays Plc, Bank of America Corp.’s Merrill Lynch and Morgan Stanley can’t use New York law to block Theflyonthewall.com, an online financial news service, from issuing immediate reports about changes in their stock ratings, a federal appeals court ruled.