According to the FT which had access to an internal report commissioned by Danske Bank, about $30bn of Russian and ex-Soviet money flowed through the bank’s Estonian branch in 2013. The amount is high, especially in relation to the $8bn amount announced previously, but not all these transactions will be suspicious. However, this reinforces the uncertainties weighing on the Danish bank and the outcome of this story. The Estonian authorities first opened a criminal investigation in July,
04 Sep 2018
Danske Bank's Baltic cold is worsening
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Danske Bank's Baltic cold is worsening
Danske Bank A/S (DANS:WBO) | 0 0 0.7% | Mkt Cap: 232,052m
- Published:
04 Sep 2018 -
Author:
Farhad Moshiri -
Pages:
3
According to the FT which had access to an internal report commissioned by Danske Bank, about $30bn of Russian and ex-Soviet money flowed through the bank’s Estonian branch in 2013. The amount is high, especially in relation to the $8bn amount announced previously, but not all these transactions will be suspicious. However, this reinforces the uncertainties weighing on the Danish bank and the outcome of this story. The Estonian authorities first opened a criminal investigation in July,