The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

The weeklyFiX digest: Saxo to get acquisitive?

Saxo Bank has had a mixed press this year, which is perhaps testament to the fact that it can no longer be considered to be a junior upstart in foreign exchange.

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. Danish daily Jyllands-Posten quoted Saxo director Henrik Vad as saying: "I can confirm that we are interested in becoming a more traditional bank with emphasis on savings and pensions. And it is true that we have talked to several different [banks] and demonstrated that Saxo Bank could be an alternative for those who may have an incentive to seek a strong partner."

Saxo to get acquisitive?

Published on the weeklyFiX 28 Nov 2008

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?