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Rivals endorse DNB fee cuts: "People have paid far too much"

Competitors of Norwegian bank DNB are nodding in approval at the group's move to reduce fees on equity funds.

Trading floor in DNB. | Photo: PR

One of Norway's major banks, DNB, has announced that it will slash the fees on its equity funds. According to DNB director Håkon Hansen, the bank would like to "change the Norwegian price picture for funds".

"We want to be first out," Hansen told Norwegian business daily Dagens Næringsliv.

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