Former Danske Bank CEO Cleared in $322M Investor Lawsuit November 8, 2022 Danske Bank’s former chief executive Thomas Borgen was cleared by a Danish court on Tuesday of any liability for shareholder...
Dirty Money Worried Swedbank Compliance Officers but Bosses Kept Mum: Documents January 10, 2022 By Niclas Rolander, Aaron Eglitis and Anton Wilen In the summer of 2018, a senior anti money-laundering official at Swedbank AB appeared anxious as he read reports that...
Insurer Storebrand to Buy Norwegian Pensions Unit From Danske Bank for $221M December 20, 2021 OSLO/COPENHAGEN – Insurer Storebrand has agreed to buy the Norwegian unit of Danish pension provider Danica from Danske Bank, the...
Judge Dismisses Shareholder Lawsuit Against Danske Bank and Officers August 25, 2020 By Jonathan Stempel A U.S. judge on Monday dismissed a lawsuit accusing Denmark’s Danske Bank A/S and four former top executives of defrauding...
Swedbank Slapped with Record $386M Fine for Money-Laundering Breaches March 20, 2020 By Colm Fulton, Johan Ahlander and Simon Johnson Sweden’s financial watchdog hit lender Swedbank with a record fine of 4 billion crowns ($386 million) on Thursday for serious...
Danske Bank Ex-CEO Faces $387M Lawsuit over Money Laundering Scandal February 24, 2020 By Christian Wienberg The ousted chief executive of Danske Bank A/S, Thomas Borgen, has been personally targeted in an investor lawsuit arguing he...
Danske Bank Sued by International Investors over Money Laundering Scandal December 27, 2019 By Nick Rigillo A group of international investors who manage trillions of dollars in assets has filed what it says is the first...
Fallout from Money Laundering Scandal Continues as Fines Loom for Swedbank July 17, 2019 By Frances Schwartzkopff Swedbank AB acknowledged it will no longer be able to live up to its goal of paying out one of...
Explaining Europe’s Growing Money Laundering Scandal April 8, 2019 By Francesco Guarascio The largest ever money laundering scandal in Europe is rippling through the region’s banks. It began in the Baltics and...
Fallout Grows from Swedbank’s Money Laundering Scandal as Chairman Quits April 5, 2019 By Niklas Magnusson A week after Swedbank AB fired its chief executive officer, the lender is parting ways with its chairman as a...