{
}
Danske Bank has formed a strategic partnership with SPP to enhance their offerings in banking and insurance products. The collaboration will initially focus on contractual pensions and banking services, aiming to provide customers with increased security throughout various life stages. Both companies emphasize the strength of their combined services to better meet customer needs.
Danske Bank is increasing several mortgage rates due to rising market interest rates. Fixed-term mortgages will see increases ranging from 0.05 percentage points for 1-year terms to 0.30 percentage points for 10-year terms, while rates for 3-month and 2-year maturities remain unchanged.
Danske Bank A/S has initiated a share buy-back programme totaling DKK 5 billion, aiming to repurchase up to 45 million shares from February 10, 2025, to January 30, 2026. In week 11, the bank acquired 25,000 shares at an average price of DKK 236.1302, bringing the total to 125,000 shares, representing 0.015% of its share capital.
Larry Conover has been appointed as vice president and special counsel for proxy and corporate actions at Broadridge Financial Solutions, focusing on enhancing customer value and supporting industry initiatives. With over 25 years in financial services, including a role at Fidelity Investments, he will contribute to corporate strategy and product development. Broadridge has also improved its ProxyVote app, facilitating easier participation for retail investors in corporate governance and enabling pass-through voting.
Nordea Bank reported a 3% increase in full-year income for 2024, with a return on equity exceeding 16% for the second consecutive year. Despite challenges like a 5% decline in net interest income and increased loan losses in specific sectors, the bank achieved an 11% growth in assets under management and improved its cost-to-income ratio to 48.9%. The acquisition of Danske Bank’s Norwegian business boosted its market share in Norway, while a proposed dividend increase reflects strong financial performance.
Nordea reported strong financial results for 2024, with a 3% year-on-year income growth and a return on equity of 16.7%. The bank experienced increased lending and deposit activity, alongside improved customer satisfaction, culminating in its recognition as Sweden’s Bank of the Year. Looking ahead, Nordea aims to maintain a return on equity above 15% in 2025, despite ongoing global uncertainties.
Nordic banks are significantly expanding their investment banking teams in anticipation of a surge in mergers and acquisitions expected in 2025. Danske Bank, Nordea, Jyske Bank, Sparebank 1 Markets, and Pareto Securities have all recently hired new dealmakers and corporate finance bankers, with plans for further growth. Arctic Securities aims to expand its team, while Swedbank is also considering new hires.
Danske Bank A/S has been fined 50 million Norwegian kroner ($4.4 million) by the Norwegian Financial Supervisory Authority for manipulating the country's sovereign bond market. The bank acknowledged its improper actions related to a bond issuance in 2023, as it seeks to move past a significant money laundering scandal.
Norway's financial supervision authority has fined Danske Bank 50 million Norwegian crowns ($4.42 million) for market manipulation related to a government bond issuance in February 2023. The agency found that the bank artificially inflated the swap rate, profiting from a high effective yield. Danske Bank acknowledged its shortcomings in handling the bond issue and has since made organizational changes in response to the incident.
The US government is transferring $50 million to Estonia as recognition for its cooperation in the Danske Bank money laundering case, which involved suspicious payments of around €200 billion through the bank's Estonian branch. This funding aims to enhance Estonia's capacity to combat financial crime following Danske's guilty plea to conspiracy to commit bank fraud and a $2 billion fine. Estonia provided crucial evidence during the investigation, contributing to the successful prosecution of the Danish bank.
Danske Bank A/S
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
danske bank and spp form strategic partnership to enhance customer offerings
09:16 18.03.2025
danske bank raises mortgage rates amid increasing market interest costs
13:08 17.03.2025
danske bank completes week 11 of share buyback program with 25000 shares
10:00 17.03.2025
broadridge appoints larry conover to enhance proxy and corporate actions services
10:59 07.02.2025
nordea bank reports growth and challenges in fourth quarter earnings call
01:13 02.02.2025
nordea reports strong financial growth and customer satisfaction in 2024
07:10 30.01.2025
nordic banks increase m and a teams in anticipation of 2025 surge
Sparebank 1 Markets AS
Danske Bank A/S
Pareto Securities AS
Arctic Securities AS
Swedbank AB
Jyske Bank A/S
Nordea Bank Abp
NOR
Show more
09:00 24.01.2025
norway fines danske bank for bond market manipulation misconduct
10:57 22.01.2025
Norway fines Danske Bank 4.4 million dollars for market manipulation
08:51 22.01.2025
Estonia receives 50 million dollars for role in Danske Bank case
10:35 08.01.2025
Trending
Subcategory
Startups & Entrepreneurship
Industry Trends
Corporate News
Private Equity Deals
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
CEO Changes
Government Economic Policies
Corporate Social Responsibility
Industry Mergers & Acquisitions
Workplace Trends
Energy Sector Developments
Venture Capital Investments
Fintech Startups
Finance Mergers & Acquisitions
AI Innovations
Market Analysis and Predictions
Intellectual Property Laws
Central Bank Actions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Amazon.com, Inc.
Tesla, Inc.
Salesforce, Inc.
Garuda Aerospace Ltd.
Huawei Technologies CO. Ltd.
Bharti Airtel Ltd.
XPeng Inc.
Microsoft Corporation
Venturewave Capital NO.1 Ltd.
Semler Scientific, Inc.
TENCENT
Wipro Ltd
OpenAI ERC USD
Orange S.A.
IDBI Bank Limited
Standard Chartered Bank
LENOVO GROUP
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Saudi Riyal
Japanese Yen
Malaysian Ringgit
British Pound Sterling
Mexican Peso
Brazilian Real
New Taiwan Dollar
Bahraini Dinar
Qatari Riyal
Pakistani Rupee
Kuwaiti Dinar
Vietnamese Đồng
South Korean Won
Algerian Dinar
People:
Donald Trump
Mark Zuckerberg
Bisrat Degefa
He Xiaopeng
Abdel Fattah El-Sisi
Anmol Singh Jaggi
Puneet Singh Jaggi
Sari Sabban
David Watkins
Simon Moon
Anas Algahtani
Matt Jones
Ayman Hamdan
Elon Musk
Allen Law
Xi Jinping
Anwar Hussain
Sultan Ibrahim ibni Sultan Iskandar
Prashant Joshi
Albinder Dhindsa