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Investors reacted promptly when markets opened this morning, shaving almost six percent off stock in the C-20 index.
Danske Bank led the fall, dropping 10.9 percent. The bank has announced third quarter losses of DKK 1.8 billion on loans to among others Lehman Brothers. At the same time, the weekend agreement between the government and banks to form a wind-up fund for troubled banks is also expected to cost Danske Bank a sizeable sum.
