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Norway’s biggest bank falls as profit from trading slides in third quater

Bloomberg DNB ASA dropped after third-quarter profit disappointed with income from its investment banking and trading declining. Norway’s biggest bank’s third-quarter net income failed to rise from a year earlier, ending at 5.44 billion kroner ($652 million) and missing a 5.67 billion-krone analyst estimate compiled by the bank. “There will be fluctuations from quarter to quarter, but regarding the investment ...

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‘Italy government would intervene in a bank crisis’

Bloomberg The Italian government would step in to help in the event of a crisis in the banking sector, Finance Minister Giovanni Tria said, echoing comments made by one of the country’s two coalition leaders earlier in the week. In the event of a crisis, the government “must in one way or another intervene; saying how isn’t possible, if a ...

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Danske Bank outrage hits political agenda ahead of polls

Bloomberg Danske Bank A/S’s laundering scandal and a massive dividend-tax fraud now look set to influence elections due to be held in Denmark next year. The country’s politicians are promising major changes to how the financial industry will be policed. The goal is to appease voters stunned by the sheer scale of allegations against their country’s biggest bank, and by ...

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