Danske Bank CEO resigns on suspicion of money laundering news.am - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news.am Daily Mail and Mail on Sunday newspapers.
COPENHAGEN (Reuters) - Carsten Egeriis, who was named as Danske Bank chief executive on Monday, said he plans to continue the strategy set out by his predecessor for Denmark's largest lender.
ABN Amro has agreed to pay 480 million euros (£415 million) as part of a settlement with prosecutors who accused the Dutch state-owned bank of “serious shortcomings” in tackling money laundering, prosecutors and the bank said.
The settlement was made up of a 300 million euro (£260 million) fine and 180 million euros (£155 million) paid to cover “unlawfully obtained gains”, prosecutors said.
The fine “reflects that as a result of the serious shortcomings, certain clients that engaged in … criminal activities were able to abuse bank accounts and other services of ABN Amro for a longer period of time”, the Dutch Public Prosecution Service said in a statement.
Danske CEO exits over Dutch ABN money laundering inquiry yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Synopsis
The pan-European STOXX 600 index rose 0.1 per cent by 0706 GMT, its fifth day of gains, while an index of euro zone shares rose 0.2 per cent to touch its highest since September 2000.
Getty Images
Automakers were the top gainers, up 0.7 per cent, followed by miners and travel stocks.
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 per cent by 0706 GMT, its fifth day of gains, while an index of euro zone shares rose 0.2 per cent to touch its highest since September 2000.