Core Insights - Nine major European banks are forming a consortium to issue a MiCA-compliant euro stablecoin by 2026, aiming to establish a regulated standard for digital payments as the ECB's digital euro project stalls [2][5][8] Group 1: Consortium Formation - The consortium includes banks such as ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International, representing eight countries and various types of lenders [3] - A new entity has been incorporated in the Netherlands, and the group is applying for an electronic money institution (EMI) license from De Nederlandsche Bank [3] Group 2: Stablecoin Structure and Compliance - The stablecoin will be backed 1:1 with euro reserves held in segregated accounts and invested in low-risk, liquid assets [4] - The consortium plans to leverage blockchain technology for transparency, programmability, and instant settlement while ensuring compliance with MiCA's stringent requirements [4] Group 3: Market Positioning - The euro stablecoin is expected to challenge the dominance of dollar-backed stablecoins, which currently hold a significant share of the global stablecoin market [5] - The initiative reflects European banks' desire to defend the euro's role in the global economy amid frustrations with the ECB's slow progress on its digital euro [5][6] Group 4: Future Implications - The project aims to provide European businesses and consumers with earlier access to programmable money within a regulated framework, potentially closing the gap with faster-moving markets like the U.S. and Asia [9] - If successful, this euro stablecoin could represent a significant step towards integrating traditional finance with blockchain technology, accelerating Europe's transition to a hybrid system of public and private digital money [9]

Group 1 - Nine European banks have formed a consortium to launch a euro-backed stablecoin, expected in the second half of 2026, including major players like ING, Banca Sella, and UniCredit [1][2] - The stablecoin will be regulated under the EU's Markets in Crypto Assets (MiCA) framework, aiming to provide a European alternative to the US-dominated stablecoin market [1][3] - A new company has been established in the Netherlands to manage the stablecoin project, with plans to obtain licensing as an e-money institution from the Dutch Central Bank [2][4] Group 2 - The stablecoin is designed to facilitate near-instant transactions at lower costs, enhancing access to cross-border payments and digital asset settlements [3][4] - The European Central Bank (ECB) has noted that euro-denominated stablecoins currently have a market capitalization of less than €350 million ($410 million), highlighting their marginal presence compared to US dollar-based stablecoins [6] - ECB President Christine Lagarde has called for stricter regulations on non-EU stablecoin issuers to address gaps in the MiCA framework, amid increasing pressure for a digital euro [6][7]

Nine European banks — ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International — have formed a new company to issue a MiCA-compliant euro stablecoin in the second half of 2026. The venture will seek an e-money license from the Dutch central bank, aiming to set a European digital payments standard while inviting more banks to join.https://t.co/mp3BnZY8wz ...

Nine major European banks including ING, Banca Sella, KBC, Danske Bank and UniCredit are launching a euro-denominated stablecoin. By @IanAllison123.https://t.co/yjq4g2WwuA ...

By Tom Sims, Tommy Reggiori Wilkes and Valentina Za FRANKFURT (Reuters) -A consortium of nine European banks, including heavyweights ING and UniCredit, said on Thursday they are forming a new company to launch a euro-denominated stablecoin, a move they hope will help counter U.S. digital market dominance. A host of top U.S. financial firms have been preparing to launch their own dollar-backed crypto tokens after President Donald Trump signed a law overseeing rules for stablecoins that could further cem ...

Core Viewpoint - Tryg Forsikring A/S has mandated Danske Bank and Nordea to arrange a Global Investor Call and explore the issuance of Tier 2 Capital Notes, with a targeted maturity of 30.25NC5.25 years, subject to market conditions [1]. Company Overview - Tryg is one of the largest insurance companies in the Nordic region, operating in Denmark, Norway, and Sweden, serving over 6 million customers [6]. - Tryg A/S is listed on NASDAQ Copenhagen, with approximately 49% of shares held by TryghedsGruppen smba, which contributes around DKK 700 million annually to peace of mind purposes via TrygFonden [6]. Financial Instrument Details - The planned issuance includes NOK- and/or SEK-denominated Floating Rate Notes (FRN) expected to be rated A3 by Moody's [1]. - The target investors for the Notes are only eligible counterparties and professional clients, excluding retail investors in the European Economic Area or the United Kingdom [2].

Company announcement no. 43 2025Danske BankBernstorffsgade 40DK-1577 København VTel. + 45 33 44 00 0022 September 2025Page 1 of 1Danske Bank share buy-back programme: transactions in week 38On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025. The Programme is carried out in accordance with Article 5 o ...

Core Viewpoint - Danske Bank has initiated a share buy-back program totaling DKK 5 billion, aiming to repurchase up to 45 million shares from February 10, 2025, to January 30, 2026 [1][2]. Group 1: Share Buy-Back Program Details - The share buy-back program is conducted in compliance with the Market Abuse Regulation and Safe Harbour Rules [2]. - As of the last announcement, a total of 11,958,427 shares have been repurchased, with a gross value of DKK 2,899,252,342 and a volume-weighted average price (VWAP) of DKK 242.4443 [3]. - In week 37, a total of 441,627 shares were repurchased at a VWAP of DKK 261.9538, amounting to a gross value of DKK 115,685,869 [4]. Group 2: Accumulated Transactions - The total number of shares repurchased during the entire buy-back program has reached 12,400,054, with a gross value of DKK 3,014,938,211 and a VWAP of DKK 243.1393 [4]. - The shares repurchased represent approximately 1.485% of Danske Bank's total share capital [4].

LIVE Dow Set to Open Up as Market Focuses on the Fed The Fed is widely expected to resume cutting interest rates, with markets pricing in a 25 basis-point rate reduction, LSEG data show. However, a larger 50 basis-point reduction looks unlikely and Danske Bank analysts said they expect "a more gradual rate-cutting cycle rather than back-to-back cuts." They cited Friday's University of Michigan's consumer confidence survey for September, which showed one- year inflation expectations remained elevated at 4.8% ...

Group 1 - The U.S. dollar has fallen to its lowest level in nearly seven weeks against a basket of currencies due to disappointing jobs data, which has heightened expectations for the Federal Reserve to begin cutting interest rates starting September 17 [1][2] - Preliminary benchmark revisions to payrolls for the period from April 2024 to March 2025 are anticipated, with analysts from Danske Bank predicting a negative revision of 400,000 jobs [2]