Danske CEO quits

Financial Mail - - MARKET WATCH -

Danske Bank CEO Thomas Bor­gen has re­signed af­ter an in­ves­ti­ga­tion re­vealed that pay­ments to­talling €200bn, many of which the bank said were sus­pi­cious, had gone through its small Es­to­nian branch. The Danish bank re­leased de­tails of com­pli­ance and con­trol fail­ings amid grow­ing de­mands for an EU crack­down on fi­nan­cial crime af­ter a se­ries of money-laun­der­ing scan­dals at­tracted the at­ten­tion of US au­thor­i­ties.

Reuters

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