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Danske chief sees trading income lower ahead

Source: Reuters - Tue 3rd Nov 2009

The head of Denmark's DanskeBank said on Tuesday that trading income from the group's Danske Markets brokerage would remain good but probably not as high as in the first nine months of 2009.

"I think trading income will continue to perform well but not at the same level as in the previous three quarters" Chief Executive Peter Straarup told Reuters.

His remarks came after Danske Bank reported a smaller-than-forecast drop in pretax earnings for the third quarter, helped by trading income and lower-than-forecast expenses.

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