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Danske Dank reported to police for overcharging customers - regulator

Danske Dank reported to police for overcharging customers - regulator
FILE PHOTO: Danske Bank sign is seen at the bank's Estonian branch in Tallinn, Estonia March 25, 2019. REUTERS/Ints Kalnins -
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INTS KALNINS(Reuters)
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COPENHAGEN (Reuters) – Denmark’s Financial Supervisory Authority (FSA) has reported Danske Bank <DANSKE.CO> to the police for overcharging customers, the financial watchdog said on Friday.

The FSA said in June it was investigating the bank for failing to inform customers that it expected a poor performance from its Flexinvest Fri investment product and for continuing to sell it to new customers.

(Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely)

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