Deals
Ugliest Danish Banks Find No Buyers in Toxic Asset Trap
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The man who correctly predicted the failures that triggered Denmark’s banking crisis two years ago is now warning that a surge in bad loans will drag down more regional lenders too far gone to attract buyers.
Aggregate impairments will continue to rise this year, with fatal consequences for the country’s weakest banks, according to Nicholas Rohde, founder of Copenhagen-based Niro Invest Aps.