Oslo - Two employees of Norway's largest banking group as well as the DnB NOR group itself were Thursday suspected of insider- trading, the Norwegian Financial Supervisory Authority said.
The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime raided the bank Thursday over suspicions that the bank had sold government bonds just a few days before the Finance Ministry and central bank October 12 presented a rescue package for the banking sector.
DnB NOR reportedly sold bonds worth 2.3 billion kroner (328 million dollars) on October 9 and 10.