Some of the negative publicity seems to have generated Schadenfreude on some of the internet bulletin boards, but if the latest reports coming out of Denmark are accurate, any reports of the bank’s imminent demise are almost certain to prove premature.
The buzz is that Saxo is considering taking advantage of the downturn in bank valuations and going on a bargain hunt. Reports suggest that it is now ready to mature from being effectively an FX and securities trading platform to a bank in the sense that most of us understand.
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