Danske Bank Is Looking for Ways to Boost Returns
- Troubled bank issues third profit warning in less than a year
- Danske pledges to come back with plan to raise performance
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With a massive money laundering scandal pushing up costs, and negative rates squeezing income and stalling trading, what can Danske Bank A/S do to improve returns?
That’s the question market participants are asking after the troubled Danish lender tried to sweeten its third profit warning in less than a year with a vague pledge to come up with ways to improve profitability.