Danske Is ‘Truly Sorry’ But Some Investors Still Won’t Touch It
- Some bond, stock holders still haven’t warmed to the bank
- Danske had its best day on the stock market in 2 1/2 years
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For the first time in months, a statement published by Danske Bank A/S didn’t contain an awful surprise.
The bank’s pledge to fight financial crime and absorb potential fines for money laundering resulted in its best share performance in more than two years. Analysts cheered management’s words as the interim chief executive officer said Danske is “truly sorry” for its role in one of the worst dirty money scandals in Europe’s history. The stock jumped as much as 6.6 percent.