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Wednesday, June 19, 2019

Tag: Danske Bank

Scandal-ridden Danske Bank names new CEO

Vogelzang, from the Netherlands, has held several management positions at Dutch Bank ABM AMRO.

Ex-Danske CEO Borgen charged over money laundering case

Danske Bank is under investigation for suspicious transactions of some 200 billion euros that passed through its Estonian branch.

Danske still hasn’t found a CEO

Half a year on, Danske Bank is still looking for a replacement CEO, as well as trying to restore confidence in the bank as it faces criminal investigations.

Danske Bank to close branches over money laundering scandal

Kilvar Kessler says that the scandal is a serious blow to the transparency, credibility and reputation of the Estonian financial market.

Danske accused of ‘openly lying’ to investigators in France

Denmark’s biggest bank said that it’s been summoned for questioning by French authorities.

Danske Bank whistleblower says he raised alarm four times

In his whistleblower report, Wilkinson described how the Estonian branch handled customers associated with top Russian politicians and companies based in Denmark.

Moody’s downgrades Danske bank ratings over money-laundering probe

The ratings agency downgraded its long-term deposit and senior unsecured debt ratings from A1 to A2.

US scrutiny of Danske scandal changes everything for investors

The bank’s shares were dumped and some bondholders are even wondering whether Danske might start having trouble making interest payments.

Danske Bank says US probing money laundering claims

A Danske Bank internal probe was unable to determine exactly how much of the money that passed through the branch between 2007 and 2015 may have been laundered.

Money launderers are taking EU to the cleaners, experts say

Experts say the EU's efforts are simply no match for criminals who have seen through the lack of a centralised authority tasked with fighting fraud across the bloc.

Danske Bank money laundering ‘giga scandal’ spreads to Britain

The European Commission last week recommended banking supervision changes, including bolstering national authorities.

Danske Bank CEO resigns over money laundering scandal

In early August, the state prosecutor's office for serious economic and international crime said the bank was being investigated and prosecutors would decide whether to press charges.

Danske Bank’s laundering profits targeted by Danish government

Jarlov told local media that the Danish Financial Supervisory Authority is opening a new investigation into the Danske Bank laundering scandal.