United States

Teis Jensen

Foreigners sell Danish shares after Danske Bank scandal: central bank

Mar 20 2019

COPENHAGEN Foreign investors sold Danish shares worth almost $14 billion in 2018 following a money laundering scandal at the country's largest lender Danske Bank, Denmark's central bank governor said on Wednesday.

Danske Bank investors express anger over money laundering scandal

Mar 18 2019

COPENHAGEN Danske Bank’s annual shareholder meeting extended into the fifth hour on Monday as retail investors expressed their discontent over the bank’s involvement in one of the world’s biggest money laundering scandals.

Scandals turn compliance staff into 'rock stars' of Nordic banking

Mar 07 2019

COPENHAGEN Compliance and anti-money laundering staff are in hot demand in the Nordic financial sector following tougher regulations and a string of scandals involving the region's top banks Danske Bank, Nordea and Swedbank.

EU needs stronger anti-fraud curbs, lawmakers say, after Danske scandal

Feb 08 2019

COPENHAGEN The European Union needs tougher anti-fraud controls including a central body able to enforce laws against money laundering, European lawmakers said on Friday, describing financial crime as a security problem for the continent.

Danish pension giant seeks active Danske Bank role with stake rise

Feb 07 2019

COPENHAGEN Denmark's ATP pension fund, which handles the retirement savings of most Danes, has increased its stake in Danske Bank, which is mired in a money laundering scandal, saying it wants to be an active owner.

DSV focused on going through with Panalpina takeover -CEO

Feb 07 2019

COPENHAGEN, Feb 7 Danish logistics firm DSV is still focused on taking over peer Panalpina despite a snub of its $4 billion-plus bid from the Swiss company's top shareholder this week, DSV's chief executive said on Thursday.

EU anti-fraud group heads for Estonia, Denmark to learn Danske Bank lessons

Feb 05 2019

COPENHAGEN In the wake of Danske Bank's money laundering scandal, an EU committee will visit Estonia and Denmark this week to meet regulators, prosecutors and the bank's new management to discuss ways to crack down harder on fraud.

Scandal-hit Danske Bank to tighten controls as 2018 profit plunges

Feb 01 2019

COPENHAGEN Danske Bank, caught up in one of the world's biggest money laundering scandals, reported a 28 percent drop in 2018 profit, cut its dividend and promised to spend around $300 million to tighten safeguards against financial crime.

World News