Danish pension fund avoids US regional banks in light of Alecta scandal
The share prices of small US regional banks are almost back at the low levels seen during the crisis in the spring, as institutional investors weigh the risk of damaging their reputations.
With the spring crisis of the US regional banking sector and the trouble it caused for some Nordic investors still fresh in the memory, Danish pension fund Velliv keeps a safe distance from the asset class, Danish business daily Børsen reports.
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Loss of confidence rather than cash behind Alecta upheaval
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