Danske's WM division slapped with regulations and rising costs following acquisition
A substantial one-off expense played a role in giving Danske Bank Wealth Management's profits a rough shave of 16 percent in Q1 this year.
BY CATHRINE KIER, FINANSWATCH
Danske Bank Wealth Management, which encompasses the bank's asset management, private banking and pension activities, booked a post-tax profit reduction of 16 percent, landing at DKK 736m (EUR 110.5m).
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