Two Danish pension funds refute class action against Danske Bank

The class action lawsuits against Danske Bank in the wake of the money-laundering scandal is a delicate matter for Danish pension funds. Two of the largest funds will not file for damages. Meanwhile, other pension funds struggle to find their standpoint.

Photo: Asger Ladefoged/Ritzau Scanpix

A series of class action lawsuits are filed by investors against Danske Bank in the wake of the money laundering scandal in the bank's Estonian branch.

So far, there has been great uncertainty as to whether Danish-based institutional investors, in this case the pension funds, will file a class lawsuit against Danske Bank, however, two of them now announce that they have no intention of filing such a claim, according to AMWatch's sister site FinansWatch.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

The ESG market is controlled by a few big investors

Finland's largest investor holds 62 percent of shares of multi-trillion ETFs offered by iShares and 64 percent of Xtrackers' equivalent offering. Having a few investors dominating ownership in this way is not good for the vehicles' liquidity and could be a big challenge facing the sector.

"We continue to see further growth in our Nordic book of business"

DECEMBER SERIES: What were the most important developments at some of the global asset managers present on the Nordic market in 2021, and what are their expectations for the coming year? AMWatch's December series is kicked off by Head of Nordics at State Street Global Advisors, Arnaud Bruyneel. 

Further reading

Related articles

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch