 In March 2017, the UK Financial Ombudsman Service ruled against Saxo Bank in the dispute with the client more than 2 years after the SNB event, stating that the trader has to be compensated by Saxo Bank.On 2 October 2017, it was announced that Chinese carmaker Geely is going to increase its stake in Saxo Bank to 51.5% if the deal is approved by regulators.Sampo Group will acquire a 19.9% stake, while Kim Fournais, Saxo Bank's CEO, will retain his 25.7% stake.