Edition:
United States

Teis Jensen

Danske Bank auditor EY reported to fraud squad over 2014 report

Apr 12 2019

COPENHAGEN Accountant EY's audit of scandal-hit Danske Bank came under scrutiny on Friday as Danish authorities asked the state prosecutor for financial fraud to investigate the matter.

Denmark's DSV to buy logistics company Panalpina in $4.6 billion deal

Apr 01 2019

COPENHAGEN/ZURICH Swiss logistics group Panalpina has bowed to an increased 4.6 billion Swiss francs ($4.6 billion) bid from Danish rival DSV, ending a more than two month takeover battle designed to build scale in the consolidating transport sector.

Denmark asks Nord Stream 2 to assess third route option for gas pipeline

Mar 28 2019

COPENHAGEN The Danish Energy Agency has requested an environmental assessment of a third route option for the Nord Stream 2 gas pipeline in Danish waters, a move that could delay the project to pump Russian gas to Europe.

Denmark to bolster financial regulator after Danske scandal

Mar 27 2019

COPENHAGEN Denmark's financial watchdog will get more money, staff and powers under a deal agreed by lawmakers on Wednesday aimed at strengthening efforts to tackle finance crime in the wake of a money laundering scandal at the country's biggest bank.

Bang & Olufsen in confidence crisis as sales warning hits shares

Mar 26 2019

COPENHAGEN, March 26 Shares in Bang & Olufsen (B&O) dropped by 20 percent on Tuesday after it issued a second sales warning for the financial year, with some investors saying there was now "a crisis of confidence" in the Danish luxury TV and stereo maker.

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.

World News

Iran denies its missile program is up for negotiation

Iran denied on Tuesday that it was willing to negotiate over its ballistic missile program, contradicting the chief U.S. diplomat and appearing to undercut President Donald Trump's statement that Washington had made progress on its disputes with Tehran.