AMWatch

Nordea denies high fee problems for investment products

Following Danske Bank's most recent debacle concerning excessive fees for its investment products, Nordea reviewed its own products and found no problems, the bank says.

Photo: Ritzau Scanpix/Mads Claus Rasmussen

Monday, a case involving excessive fees for Danske Bank's investment product Flexinvest Fri ended up ousting interim Chief Executive Jesper Nielsen from his position.

Speculation since followed on whether other banks offer similar products, for which the underlying problem is the expectation that customers will lose money.

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