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Danske Bank fined NKr 50m for market manipulation

Photo: Getty Images

Martina Lindberg

4 min read
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According to the Norwegian regulator a reference swap rate was intentionally driven higher at the time of pricing in order to produce higher trading profits.

Finanstilsynet, the Norwegian Financial Supervisory Authority, has penalized Danske Bank A/S NKr 50m ($4.4m) for alleged market manipulation relating to the issuance of a government bond in 2023.

In February 2023 Danske Bank participated in the syndication of a 10-year government bond of NKr 22 billion ($1.9 billion) for Norges

During the issuance,

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