The Danish Central Bank will pay 481 million to buy Denmark's eight largest retail bank by market share, reports Reuters. Roskilde could not find a buyer after reporting larger than expected losses on real estate loans. The Central Bank acted
The Danish Central Bank will pay 481 million to buy Denmark’s eight largest retail bank by market share, reports Reuters.
Roskilde could not find a buyer after reporting larger-than-expected losses on real-estate loans. The Central Bank acted to prevent Roskilde from further weighing down the Danish financial system.
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