By Reuters Staff
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April 19 (Reuters) - European stocks inched higher on Monday, extending their record-setting rally, as optimism about a solid start to the earnings season offset a worrying resurgence in COVID-19 cases globally.
The pan-European STOXX 600 index rose 0.1% by 0706 GMT, its fifth day of gains, while an index of euro zone shares rose 0.2% to touch its highest since September 2000.
Automakers were the top gainers, up 0.7%, followed by miners and travel stocks.
French car parts maker Faurecia rose 1% after its first-quarter sales beat market expectations, helped by particularly strong growth in China.
ABN AMRO Bank N : to settle money laundering probe for $574 million marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Monday, 19 Apr 2021 06:48 PM MYT
A Danske bank sign is seen on a bank’s headquarters in Copenhagen, Denmark October 22, 2019. Reuters pic
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AMSTERDAM, April 19 Danske Bank’s chief executive Chris Vogelzang, who was hired to help it recover from a multi-billion dollar money laundering scandal, resigned today after Dutch authorities labelled him as a suspect in a separate case at ABN Amro.
Vogelzang said he was quitting after the Dutch prosecution service said it was investigating three former board members at ABN. The Dutch bank also said it had reached a €480 million (US$577 million) settlement over systematic failures to tackle money laundering.
ABN AMRO pays multimillion fine in money laundering probe - Business News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
By Aaron Nicodemus2021-04-19T16:58:00+01:00
Ripples from ABN AMRO’s €480 million (U.S. $575 million) settlement in the Netherlands to resolve money laundering allegations reached Danske Bank on Monday, as two of the bank’s executives resigned after being connected to the Dutch probe.
Danske Bank CEO Chris Vogelzang announced he is stepping down, saying Dutch authorities plan to name him as “a suspect in connection with their investigations of potential violations of Dutch legislation relating to the prevention of money laundering at ABN AMRO.”
“My status as a suspect does not imply that I will be charged,” Vogelzang said in a statement released by the bank. “However, given the special situation Danske Bank is in and the intense scrutiny the bank is under, particularly in relation to anti-money laundering as a consequence of the still unresolved Estonia matter, I do not want speculations about my person to get in the way of the continued development of Danske Bank.