Danske Bank Abandons Effort to Win U.S. Banking License
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Danske Bank A/S, Denmark’s biggest lender, cut three jobs in New York after deciding to abandon a four-year effort to win a U.S. banking license, according to an executive.
“It’s been a laborious process with constantly changing demands,” Jens Peter Neergaard, Danske Bank’s global head of markets, said in an interview. “We reached a conclusion that we didn’t want to pursue it any longer. It’s been very frustrating that it’s taken so long.”