Too-Big-to-Fail Danish Bank Plan Is Positive, Fitch Says

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Too-Big-to-Fail Danish Bank Plan Is Positive, Fitch Says - Frances Schwartzkopff → bloomberg.com/news/2013-03-1 … ys-1-.html

Fitch Ratings said a proposal last week identifying Denmark’s six biggest banks as too big to fail will support the lenders’ credit grades.
Danske Bank A/S (DANSKE), Nordea Bank AB (NDA)’s Danish unit, Jyske Bank A/S (JYSK), Sydbank A/S (SYDB) and mortgage lenders Nykredit A/S and BRFkredit A/S were all designated as systemically important financial institutions in a report published March 14 by a government- appointed committee. The banks face as much as 5 percentage points in additional capital requirements.

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Weakness at Danske Bank leads Euro shares lower - → independent.ie/business/iris … 53719.html

Danske Banke fell 6.7pc after Danish regulators ordered the country’s biggest financial institution to set aside more capital.

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Danish Government Unveils Plan to Help Economy Exit Crisis - → bloomberg.com/news/2014-05-0 … risis.html

Denmark’s $350 billion economy has struggled to surface from a housing bubble that burst in 2008, triggering a local banking crisis in its wake. Property prices slumped about 20 percent through 2013, undermining consumer confidence and demand. The economy will grow 1.5 percent this year, less than the 1.6 percent by which the European Union as a whole will expand, the European Commission said May 5.

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