Biggest Bank in Denmark Warns `Emergency' Rate Damage Is Growing

Danske Bank says Denmark’s negative interest rates have lasted longer than anyone could have expected, with the damage to the financial industry growing increasingly burdensome.

“This was seen as an emergency rate that would go away in 2015,” Claus Ingar Jensen, head of investor relations at the Copenhagen-based bank, said in a phone interview. “If pressure on margins is ongoing in 2016, that will mean something to bank earnings.”