Danske Bank Shutting 20 out of 27 branches in National Irish Bank

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Danske Bank Shutting 20 out of 27 branches in National Irish Bank

Danske Bank Shutting 20 out of 27 branches in National Irish Bank

Danske Bank/National Irish Bank

Berlingske quote an e-mail to Bloomberg 

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Danske Bank is going to shut down 20 out of 27 branches in National Irish Bank. The rest of the offices plus two in Dublin will be reformed to “personal-banking” units.

In connection with the new CEO Eivind Kolding’s restructuring in May: 5 bio. EUR in bad real estate and investment property loans will be transferred to a garbage can company. That is 56% of National Irish Banks (Danske Bank in Ireland) loans.

Well things are happening:

1) Monday the internet banking of Danske Bank was off-line for 1-2 hours – due to “technical” problems in connection with an update……

2) The development in Ireland closely reflect the British government White Paper’s “thoughts” on separating “Detail-banking” from other types of banking.

3) The ploy with such an indirect announcement is part of Danske Bank’s disinformation strategy – or accustomed behavioral pattern: All relevant information is to be hidden in the most obscure places.

Danske bank has been trying to keep a tight lid on any problems. Only a month ago, the bank refused to co-operate with Moody’s. A few weeks later, Danske was downgraded by Moody’s.

Danske bank with approximately $600 billion in assets, is double the size of Denmark’s GDP.

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