Denmark’s status as one of the world’s least corrupt places has been undermined by the money laundering scandal engulfing its biggest bank, according to the country’s financial regulator. In a report examining risks facing Danish banks, the Financial Supervisory Authority …
Danske Bank A/S’s money-laundering scandal threatens to undermine its growth engine. The lender’s Nordic banking operation, which encompasses Norway, Sweden and Finland, was the only core unit of five to report higher profit in the third quarter. But now, some …
After being accused of “openly lying” to authorities in France, Danske Bank A/S says it now faces the prospect of fresh charges being brought against it in connection with a $230 billion money laundering case. Denmark’s biggest bank said on …
Nordea Bank AB will start pricing debt products to reflect threats to data as the scandal engulfing Facebook Inc. redefines corporate risk. Mathias Leijon, co-head of corporate and investment banking at Nordea in Stockholm, says his team has been thinking …
International investors are overtaking Danish pension funds and insurers as the biggest buyers of the Nordic country’s covered mortgage bonds, creating new risks for the $500 billion market. The institutional investors have been trimming their holdings as the surge in …
Denmark’s financial watchdog warned lenders and insurers against selling their riskiest bonds to their own retail clients amid signs Scandinavian issuers are lining up to tap the market for contingent capital. Financial institutions face a conflict of interest in selling …
