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Saturday, April 20, 2024

Tag: banking

Customers oppose their bank’s takeover

Norway's largest bank, DNB, plans to acquire Sbanken, formerly Skandiabanken, but the small bank's customers are protesting mightily. They claim it will destroy competition...

Svalbard loses its only bank

News that Norway's SpareBank1 was closing half of its 31 branches in Northern Norway hit the Arctic archipelago of Svalbard especially hard this week....

DNB suffers payment problems

Norway's largest bank, DNB, was suffering on Tuesday from its second day of problems transferring salaries and holiday pay known as feriepenger into customers' accounts....

DNB braces for losses

Norway's biggest bank, DNB, has long been highly profitable but now feels compelled to brace for losses tied to the Corona virus crisis. It...

DNB ordered to refund high fees

UPDATED: Norway's Supreme Court issued a crushing defeat to the country's biggest bank on Friday, ordering DNB to refund around NOK 350 million to...

DNB suffers its own ‘Black Friday’

The much-hyped phrase "Black Friday" has taken on an entirely new meaning for Norway's biggest bank, DNB. Investors dumped DNB shares, and buyers got...

DNB faces multiple investigations

Norway's dominant bank, caught up in the biggest money laundering scandal to ever involve a Norwegian financial institution, is now facing various investigations both...

DNB caught up in Icelandic corruption

Norway's biggest bank, DNB, is under suspicion of having facilitated the transfer of USD 70 million from Iceland's largest player in the fishing industry...

New DNB boss defends court appeal

Kjerstin Braathen, the new chief executive of Norway's biggest bank DNB, has spoken warmly of how important customers are. She's prepared, however, to meet...

Braathen to take over at DNB

Norway's largest bank, DNB, has tapped its chief financial officer to become its chief executive. Kjerstin Braathen, who's worked for DNB for 20 years,...

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