Danske Bank Bonus Culture Investigated as Bond Probe Deepens
This article is for subscribers only.
Danish police are looking into how Danske Bank A/S’s bonus program might have influenced employees now being investigated for alleged bond price manipulation.
The Public Prosecutor for Serious Economic and International Crime, which on Feb. 7 accused Danske, six of its employees and its home-loan unit of rigging mortgage bond prices in 2009, needs to find out what role the prospect of a bigger paycheck played, Public Prosecutor Hans Fogtdal said yesterday in a telephone interview.