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Danish financial regulator reports Danske Bank to police for market manipulation

Jun 11, 2020 - SNL European Financials Daily
Mergers and Acquisitions

Denmark's largest bank facilitated so-called "wash trades" by simultaneously selling and buying the same financial instruments, Finanstilsynet said.

The Danish financial watchdog said it has reported Danske Bank A/S to police for violating market manipulation regulations.

Denmark's largest bank facilitated so-called "wash trades" by simultaneously selling and buying the same financial instruments, Finanstilsynet said June 10.

Wash trading is a form of market abuse because it ca...