Danske Bank News & Case Updates: Global Money Laundering Scandal

Article: Swedish rival rejected Danske Bank’s “pile of dirty customers”

By Kevin Doyle | May 1, 2020

Swedish rival rejected Danske Bank’s “pile of dirty customers”. Linked to drug dealing and arms smuggling Swedish money laundering report shows completely new and bleak details about Danske Bank’s money laundering case. Customers in the Estonian branch could be linked to harsh crime and were so suspicious that not even the competitor Swedbank, which has…

Article: KLP sues Danske Bank after scandal deals €12m blow to shareholding

By isaf-management.administrator | January 28, 2020

Norway’s Kommunal landspensjonskasse (KLP) has confirmed it has joined one of the many investor lawsuits now underway to seek compensation from Denmark’s biggest bank after a huge money-laundering scandal halved the value of its shares in two years. KLP is one of 63 plaintiffs in a writ submitted on 27 December 2019 in the Copenhagen…

Article: Danske Sued by International Investors Over Money Laundering

By isaf-management.administrator | December 29, 2019

A group of international investors managing trillions of dollars in assets has filed what it says is the first in a series of lawsuits against Danske Bank in connection with the money laundering scandal engulfing Denmark’s largest lender. The writ, which was filed on Friday in the District Court of Copenhagen by law firm Nemeth Sigetty Advokatpartnerselskab,…

Article: More Investors Sue Danske Bank for Alleged Money Laundering

By isaf-management.administrator | December 27, 2019

COPENHAGEN — About 60 investors have sued Danske Bank for 1.5 billion crowns (£171.46 million) over alleged money laundering, their lawyers said on Friday, the third such case to hit Denmark’s biggest lender. Danske Bank said it would defend itself against the lawsuit and that it had no information about the timing of the case.…

Institutional Investor Group From Across 16 Countries Announces Its First Filing of More Than One Billion DKK Initial Lawsuit in a Series of Planned Filings Against Danske Bank A/S

By isaf-management.administrator | December 27, 2019

The ISAF Coalition for Damaged Danske Bank Investors is suing Danske Bank for failing to disclose both Financial and Regulatory material risks, as required under Danish Capital Markets law. COPENHAGEN, Denmark–(BUSINESS WIRE)–An institutional shareholder-driven coalition represented via the International Securities Associations and Foundations Management Company for Damaged Danske Investors (ISAF-Danske), announces its first filing of a…

Article: Ten former Danske Bank managers charged over Estonia case: Berlingske

By isaf-management.administrator | May 9, 2019

COPENHAGEN (Reuters) – Danish prosecutors have charged 10 former Danske Bank managers over their suspected involvement in one of the world’s biggest money laundering scandals, newspaper Berlingske reported on Wednesday, citing unidentified sources. The charges relate to a case involving some 200 billion euros ($224 billion) of suspicious transactions that passed through Danske Bank’s Estonian…

Article: Danske Says Bank Has Excess Capital to Reward Shareholders

By isaf-management.administrator | May 7, 2019

Danske Bank A/S has built up enough extra capital to commit to dividends and, at the end of this year, will look into the option of resuming share buybacks. Christian Baltzer, who started as chief financial officer at Denmark’s biggest bank in October, pointed to capital buffers that exceed both regulatory requirements and the bank’s own…

Prominent Coalition of World Class International and Danish Law Firms and ISAF Management Company proceed with Investor Lawsuit against Danske Bank

By isaf-management.administrator | November 20, 2018

International Securities Associations and Foundations Management Company (“ISAF”) announces the formation of an international coalition of leading American, German and Dutch law firms and the appointment of the preeminent Danish law firm, Németh Sigetty, to proceed with a lawsuit against Danske Bank A/S (“Danske” or the “Bank”) to pursue compensation for damaged investors after revelations…

Article: Angry Investors sue Danske Bank after Giant Losses

By isaf-management.administrator | November 20, 2018

“A group of foreign investors with five law firms in the back is now ready to sue Danske Bank at the Østre Landsret for billion-dollar losses as a result of the money laundering scandal. “It seems quite clear to us that there is a connection between the way in which action has been taken –…

Article: Danske Faces Money Laundering Lawsuit from ‘A-team’ of Firms

By isaf-management.administrator | November 20, 2018

“Danske Bank is facing a lawsuit from an international coalition of prominent class-action law firms arguing that investors lost billions of dollars through the fallout from the Danish lender’s €200bn money laundering scandal. Németh Sigetty, a Danish law firm, will file a writ against Danske in the first quarter of next year after being fully…

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