Why are Danish banks hesitant about joining the banking union?
Banking Union Only Way to Get Level Playing Field, Says Nordea Bank CEO

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They fear increased competition from Nordic banks.
They are concerned about supporting struggling banks in southern Europe.
They believe it will lead to higher taxes.
They think it will reduce their customer base.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Nordea's primary focus in its growth strategy?
Merging with other European banks
Expanding into new global markets
Achieving a full digital transformation
Becoming a larger bank in terms of assets
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What recent acquisition did Nordea make to enhance its digital capabilities?
A technology firm in Finland
A large traditional bank in Sweden
A smaller digital bank in Norway
A fintech startup in Denmark
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key step before further integration in the banking union, according to the transcript?
Increasing the number of banks in the union
Reducing non-performing loans
Implementing new tax regulations
Expanding into Asian markets
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main focus for banks to reduce risk, as mentioned in the transcript?
Reducing employee numbers
Expanding into new regions
Increasing their customer base
Strengthening their capital and profitability
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