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The U.S. and the UK are not the only countries suffering from a housing bust and a credit crisis. Ireland and Spain have had massive busts as well and it is only a matter of time before we begin to see affects on the banking sector. And there are many other countries that [...]

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The Danish economy has officially left recession, marking a growth rate of 0.6% for the second quarter of this year. In the midst of much doom and gloom for the eurozone, this is a positive development. More news expected.
See other posts marked with the tag Denmark.
This translation from El Pais is the best [...]

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PIMCO, the brainchild of Bill Gross and now owned by the German insurance giant Allianz, is concerned enough about the bankruptcy of Roskilde Bank in Denmark to have sent the following e-mail out to its clients. I have put important parts in red not already highlighted in the text.
Note that the bailout plan involves [...]

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Over the weekend the Danish Central Bank took over bankrupt Roskilde Bank, wiping out shareholders. Tiny Denmark has had a bankruptcy on its hands that is following the script of Northern Rock in the UK to a tee:

After lending too much money to the wrong people, the government is forced to step in as no [...]

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The bankrupt Danish Bank Roskilde received no bidders as the Central Bank of Denmark looked to unload the bank as quickly as possible. Roskilde got into trouble after the Danish economy turned own and loans it had made to home builders went sour. Eventually, Roskilde became the third large European institution to fail [...]

As the first bubble economy to hit the skids and officially fall into recession, tiny Denmark deserves a mention. Statistics Denmark has released figures showing that house prices are falling in Denmark, which joins an ever-increasing group of countries that includes the UK, the US, Spain and Ireland.

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As you may recall, Roskilde Bank in Denmark was recently rescued by the Danish central bank as it fell prey to the recession in Denmark. However, shareholders there are still fighting to save the bank, pitting interested parties against one another.
My translation from the following article in the Danish Daily Berlingske Tidene demonstrates that [...]

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Earlier this morning, I read about the bailout of Roskilde Bank in Denmark through the Sydney Morning Herald.
Roskilde Bank, whose shares performed the worst last year among the Nordic region’s 86 financial companies, became the first Danish lender to be bailed out by the central bank since the subprime crisis started.
The bank found [...]

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According to the Wall Street Journal, Denmark has slipped into recession because of falling house prices. Denmark saw a fairly head rise in house prices during the bubble (58% appreciation from 1997-2005). Since that time, house prices have gone bust.
European recession fears grew Tuesday as Denmark became the first European Union country to [...]