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LATEST ARTICLES
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While there are some entertaining items – one country banning meat, the UK voting to UnBrexit – Saxo sees recession failing to halt inflation with the world economy on a war footing.
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Proof of the Swedish supervisor’s mettle raises questions about the Danish response to money laundering.
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Frank Vang-Jensen, Nordea’s new CEO, is living up to his reputation as a cost axeman, but claims he can reverse the bank’s recent market-share losses at the same time.
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Huge fines, criminal investigations and public opprobrium are the consequences of big anti-money laundering failures at banks, but what about the regulators? The reluctance of fellow EU supervisors to criticize one of their own in Denmark has heightened doubts about Europe’s AML framework.
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Any market sell-off in advance of coming recession will raise the cost for banks of holding their customers’ cash and make them look again at open banking.
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Danske Bank’s compliance head Philippe Vollot is on a hiring spree, but parts of its international network might still be too risky.
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Don’t believe the doubters – the transition from fossil fuel to clean energy can be made, and made swiftly and profitably.
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Allegations of large-scale money-laundering at Danske Bank’s Estonian branch may have been bad news for Scandinavian banks, their investors and European authorities – but at least someone’s happy.
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No one is surprised by the money-laundering revelations from the Baltics.