Denmark's central bank seizes lender to avert crisis

Nationalbanken, the central bank of Denmark, and dozens of Danish financial firms are injecting millions into and assuming the debt of Roskilde Bank, the eighth-largest retail lender in the country. "We wanted to secure financial stability in Denmark. The alternative would have been that Roskilde went bankrupt, and that would have resulted in a considerable contagion throughout the financial sector," said Nils Bernstein, governor of Nationalbanken.

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