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Danske Bank A/S (DANSKE.CO)

DANSKE.CO on Copenhagen Stock Exchange

137.50DKK
10:18am EDT
Change (% chg)

kr.-4.00 (-2.83%)
Prev Close
kr.141.50
Open
kr.142.00
Day's High
kr.142.60
Day's Low
kr.137.25
Volume
1,920,616
Avg. Vol
3,271,409
52-wk High
kr.252.40
52-wk Low
kr.137.25

Latest Key Developments (Source: Significant Developments)

BRIEF-Chr Hansen Chairman Ole Andersen Not To Seek Re-Election
Monday, 15 Oct 2018 02:22am EDT 

Repeats to add bullet that Ole Andersen is Chairman of Danske Bank:CHAIRMAN OF THE BOARD WILL NOT SEEK RE-ELECTION.TO NOMINATE MS DOMINIQUE REINICHE AS THE NEXT CHAIRMAN.OLE ANDERSEN IS THE CURRENT CHAIRMAN OF DANSKE BANK.  Full Article

AP Moller Holding Says It Respects Danske CEO Borgen's Resignation; Praises His Work To Raise Profitability
Wednesday, 19 Sep 2018 06:30am EDT 

Sept 19 (Reuters) - ROBERT M. UGGLA, CEO OF A.P. MOLLER HOLDING, WHICH IS THE LARGEST SHAREHOLDER IN DANSKE BANK SAYS::IT'S IMPORTANT TO MAKE SURE MONEY LAUNDERING CANNOT HAPPEN AGAIN; DANSKE BANK NEEDS TO REESTABLISH TRUST.WE RESPECT CEO BORGEN'S DECISION TO STEP DOWN; PRAISES BORGEN'S WORK TO RAISE PROFITABILITY AND CUSTOMER SATISFACTION.  Full Article

Danske Bank Chairman Says He Still Has Confidence In Outgoing CEO Borgen
Wednesday, 19 Sep 2018 05:26am EDT 

Sept 19 (Reuters) - DANSKE BANK A/S CHAIRMAN OLE ANDERSEN SAYS AT A PRESS CONFERENCE::HE CONSIDERED STEPPING DOWN BUT BOARD ASKED HIM TO STAY ON.WILL STEP DOWN WHEN HIS "TASK AT THE BANK HAS BEEN FULFILLED".STILL HAS CONFIDENCE IN CEO BORGEN BUT AGREES WITH HIS DECISION TO STEP DOWN.  Full Article

Danske Bank Publishes Findings Of The Investigations Relating To Its Branch In Estonia
Wednesday, 19 Sep 2018 02:46am EDT 

Sept 19 (Reuters) - Danske Bank A/S : :HAVE RECRUITED A NEW CHIEF COMPLIANCE OFFICER WITH BROAD INTERNATIONAL EXPERIENCE. HE WILL BECOME A MEMBER OF EXECUTIVE BOARD WHEN HE JOINS US NO LATER THAN 1 DECEMBER 2018.FINDINGS OF INVESTIGATIONS THAT WE ARE PRESENTING TODAY ARE .IN LINE WITH CRITICISM AND CONCLUSIONS ANNOUNCED BY DANISH FSA IN ITS DECISION OF MAY 2018.AGREE WITH CONCLUSIONS OF FSA. WE ARE WORKING ON IMPLEMENTING ALL OF ORDERS.THERE IS NO DOUBT THAT PROBLEMS RELATED TO ESTONIAN BRANCH WERE MUCH BIGGER THAN ANTICIPATED WHEN WE INITIATED INVESTIGATIONS..HAVE IMPLEMENTED EXTRA PILLAR II CAPITAL REQUIREMENT OF DKK 5 BILLION AND HAVE INCREASED TARGET FOR TOTAL CAPITAL RATIO TO "ABOVE 19%".HAS CARRIED OUT AN ASSESSMENT OF MANAGEMENT AND GOVERNANCE IN ESTONIAN BRANCH.SCOPE OF INVESTIGATIONS COVERS APPROXIMATELY 15,000 CUSTOMERS AND 9.5 MILLION PAYMENTS.WILL ESTABLISH A CENTRAL UNIT AT GROUP LEVEL TO ENSURE TRANSPARENCY AND COMPLETENESS IN DANSKE BANK'S INTERACTION WITH FSA.PARTS OF INVESTIGATION HAVE NOT YET BEEN COMPLETED.INVESTIGATION IDENTIFIED A TOTAL OF AROUND 10,000 CUSTOMERS AS BELONGING TO NON-RESIDENT PORTFOLIO.AROUND 10,000 CUSTOMERS CARRIED OUT A TOTAL OF AROUND 7.5 MILLION PAYMENTS.FOR ALL OF CUSTOMERS COVERED BY INVESTIGATION, THAT IS, AROUND 15,000 CUSTOMERS, TOTAL FLOW OF PAYMENTS AMOUNTED TO AROUND EUR 200 BILLION.AT PRESENT TIME, INVESTIGATION HAS ANALYSED A TOTAL OF SOME 6,200 CUSTOMERS FOUND TO HAVE HIT MOST RISK INDICATORS.  Full Article

Danske Bank Donates Dkk 1.5 Billion And Revises Outlook Downwards
Wednesday, 19 Sep 2018 02:31am EDT 

Sept 19 (Reuters) - Danske Bank A/S ::SAYS IS NOT ABLE TO PROVIDE AN ACCURATE ESTIMATE OF AMOUNT OF SUSPICIOUS TRANSACTIONS MADE BY NON-RESIDENT CUSTOMERS IN ESTONIA .SAYS BOARD OF DIRECTORS HAS DECIDED TO DONATE GROSS INCOME FROM CUSTOMERS IN PERIOD FROM 2007 TO 2015, WHICH IS ESTIMATED AT DKK 1.5 BILLION.SAYS WHEN FINANCIAL RESULTS FOR FIRST HALF OF 2018 WERE ANNOUNCED, BANK EXPECTED NET PROFIT FOR 2018 TO BE AT LOWER END OF DKK 18-20 BILLION RANGE.NOW EXPECT NET PROFIT FOR 2018 TO BE IN RANGE OF DKK 16-17 BILLION.IN ADDITION TO DONATION OF DKK 1.5 BILLION, OUTLOOK REVISION IS OWING TO CONTINUATION OF SUBDUED DEVELOPMENT IN NET TRADING INCOME .  Full Article

Danske Bank's CEO Thomas Borgen Resigns
Wednesday, 19 Sep 2018 02:31am EDT 

Sept 19 (Reuters) - Danske Bank A/S ::CEO THOMAS BORGEN HAS TODAY INFORMED THE BOARD OF DIRECTORS THAT HE WISHES TO RESIGN FROM HIS POSITION.CEO SAYS "IT IS CLEAR THAT DANSKE BANK HAS FAILED TO LIVE UP TO ITS RESPONSIBILITY IN CASE OF POSSIBLE MONEY LAUNDERING IN ESTONIA".BORGEN WILL CONTINUE IN HIS POSITION UNTIL A NEW CEO HAS BEEN APPOINTED.CEO SAYS "EVEN THOUGH INVESTIGATION CONDUCTED BY EXTERNAL LAW FIRM CONCLUDES THAT I HAVE LIVED UP TO MY LEGAL OBLIGATIONS, I BELIEVE THAT IT IS BEST FOR ALL PARTIES THAT I RESIGN".CHAIRMAN SAYS "DISCUSSED SITUATION ON AN ONGOING BASIS, AND I SHARE HIS SENTIMENTS AND RESPECT HIS DECISION, WHICH I AGREE IS RIGHT ONE".  Full Article

CMA Sends Letter To Danske Bank On NI PCA Banking Order Breaches
Tuesday, 18 Sep 2018 07:07am EDT 

Sept 18 (Reuters) - UK's CMA::CMA LETTER TO DANSKE BANK ON BREACHES OF NI PCA BANKING ORDER.SENT LETTER TO DANSKE BANK ABOUT NON-COMPLIANCE WITH NORTHERN IRELAND PERSONAL CURRENT ACCOUNT BANKING MARKET INVESTIGATION ORDER 2008.DANSKE BANK BREACHED ORDER ON TWICE, FAILED TO SUPPLY OVER 43,000 CUSTOMERS INFORMATION ON SWITCHING ACCOUNTS BETWEEN JAN 2017 - AUG 2018.DANSKE BANK HAS AGREED TO REVIEW AND MONITOR ITS ONTROLS TO ENSURE FUTURE COMPLIANCE WITH ORDER.  Full Article

Danske Bank Money-Laundering Probe Involves $150 Bln Of Transactions - WSJ
Friday, 7 Sep 2018 06:47am EDT 

Sept 7 (Reuters) - :DANSKE BANK MONEY-LAUNDERING PROBE INVOLVES $150 BILLION OF TRANSACTIONS - WSJ, CITING SOURCES.  Full Article

Johnson Fistel Says It Is Investigating Potential Claims On Behalf Of Investors Of Danske Bank A/S
Wednesday, 18 Jul 2018 09:16pm EDT 

July 19 (Reuters) - :SHAREHOLDER RIGHTS LAW FIRM JOHNSON FISTEL SAYS IT IS INVESTIGATING POTENTIAL CLAIMS ON BEHALF OF INVESTORS OF DANSKE BANK A/S.  Full Article

Rosen Law Firm Says It Is Investigating Potential Securities Claims On Behalf Of Shareholders Of Danske Bank A/S
Wednesday, 18 Jul 2018 07:42pm EDT 

July 19 (Reuters) - :INVESTOR RIGHTS LAW FIRM ROSEN LAW FIRM SAYS IT IS INVESTIGATING POTENTIAL SECURITIES CLAIMS ON BEHALF OF SHAREHOLDERS OF DANSKE BANK A/S.  Full Article

UPDATE 3-Danske Bank forced to resume CEO search after regulator's rejection

* FACTBOX-Potential candidates to become next CEO (Adds analyst, share price reaction, background)