(AFX UK Focus) 2008-08-25 21:48 Denmark's Roskilde: a small bank in big trouble (Interactive Investor)
Monday, August 25, 2008
COPENHAGEN, Aug 25 (Reuters) - Nordic banks have prided themselves on how little they have suffered from the U.S. sub-prime crisis -- but the implosion of Denmark's Roskilde Bank suggests at least one has made similar mistakes. The apparant reason for the firm's demise: a "slipshod" credit policy and a collapse in the local property market. In what could be a cautionary tale for the region's ...
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