Denmark’s Regional Banks Dump Assets to Avoid Funding Wall
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Denmark’s regional banks are cutting lending and selling off assets to generate cash needed to escape an international funding wall as policy makers grope for measures to boost liquidity.
“It still looks difficult for banks of our size to get money in the international markets,” Lasse Nyby, chief executive officer at Spar Nord Bank A/S, Denmark’s fourth-largest listed lender, said in an interview yesterday. “We think it will remain that way for some time.”