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.
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.
Danske Bank A/S, Denmark’s largest lender, said it will cut 2,000 jobs to survive a tougher operating climate after it reported its first quarterly loss since the height of the crisis more than two years ago.
Denmark’s decision to force bank bondholders to share losses risks turning the country into an “outlier” in Europe as lenders prepare to tap funding markets, said Danske Bank A/S Chief Executive Officer Peter Straarup .
Chief executive officers at three of Denmark’s biggest financial companies said the Nordic country may stay outside the euro for at least the next five years as the debt crisis puts voters off the single currency bloc.