Danske Bank shares fall to their lowest level in four years on Friday
- Country:
- Denmark
Shares in Danske Bank plummeted on Friday to their lowest level in four years after a media report the bank executed up to 8.5 billion euros of mirror trades for Russian customers in 2013 and a downgrade by Credit Suisse.
An internal memo seen by Financial Times indicates that Danske Bank executed mirror trades in 2013 of between 6 billion euros and 8.5 billion euros, the UK newspaper reported on Friday.
Danske shares were trading 9.8 per cent lower at 0744 GMT.
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