Denmark urges banks to accept government offer

The National Bank of Denmark said on Thursday that almost half of its largest banks could go bust if they do not sign up to a government-funded initiative.

The central bank said in its latest Financial Stability Report that all 14 of the country's largest banks would be able to survive a negative shock only if they took up an offer to convert capital injections received under Copenhagen's Bank Rescue Package II into share capital. If this option was rejected, stress tests conducted by the cen

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