Danske To Pay Up To $16M Compensation Over Client Losses

Law360, London (September 4, 2020, 12:03 PM BST) -- Danske Bank said on Friday that it will compensate 900 investors who put a total of as much as 100 million Danish kroner ($16 million) cash into a managed account, as the embattled lender becomes the latest to fail to inform customers that it expected poor returns on a product.

Danske Bank said it expects to pay out as much as 100 million kroner ($16 million) in compensation to 900 investors. (iStock) Danske Bank A/S said that it failed to tell account-holders between February 2017 and July 2018 that it expected the net return for one of its managed accounts to...

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