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Denmark

Danish prosecutor charges Danske Bank for overcharging customers

cde.news desk · 1 min read
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epa07068692 An exterior view of the Danske Bank building in Copenhagen, Denmark, 25 September 2018 (issued 04 October 2018). Media reports on 04 October 2018 state that the United States Department of Justice is also investigating in the money laundering scandal of the Danish bank and reportedly has sent a request for information to them. EPA-EFE/MADS CLAUS RASMUSSEN DENMARK OUT

Danske Bank said on Thursday it has been preliminary charged by the Danish prosecutor for overcharging customers for an investment product.

Denmark’s financial watchdog reported Danske Bank to the police in August.

It said the bank had failed to inform customers that it expected a poor performance from its Flexinvest Fri investment product and for continuing to sell it to new customers after raising fees associated with it in 2017.

 

Via Reuters

Filed under BankingDenmark
Topics BankingDanske BankDenmark

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