Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Danske Bank to cut 2,000 jobs

Posted: February 13th, 2012 | Author: | Filed under: By Location, Denmark | Tags: | No Comments »

Danske Bank A/S, a leading bank of Denmark, will cut 2,000 jobs in efforts to stay competitive with European rivals.

Danske is struggling to stay competitive as it grapples with the fallout of a burst housing bubble and regional banking crisis at home, while loan losses at its Irish business show scant sign of abating.

From: Business Week

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