Bloomberg News

Amagerbanken Management Liable for Losses, Agency Says

April 19, 2012

Denmark’s state resolution agency said it agreed with a government-appointed commission’s findings that former executives in Amagerbanken A/S should be held accountable for the regional lender’s collapse.

“The Financial Stability Co. has decided that compensation claims ought to be raised against the former management and board of Amagerbanken,” it said in an e-mailed statement today.

In a separate action, the state’s financial regulator reported seven banks to police for failing to give loan customers sufficient information. The Financial Supervisory Authority made the allegations after reviewing 30 lenders’ websites for regulatory compliance. Nine lenders already have been cited.

To contact the reporter on this story: Peter Levring in Copenhagen at plevring1@bloomberg.net

To contact the editor responsible for this story: Tasneem Brogger at tbrogger@bloomberg.net


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