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 - Copyright INTS KALNINS(Reuters)

By Reuters

Published on 30/08/2019 - 14:34•Updated 19/04/2024 - 13:00

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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.