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Ericsson Seen Swinging to Second-Quarter Net Loss -- Earnings Preview

By Dominic Chopping STOCKHOLM Sweden's Ericsson is due to report second-quarter earnings on Friday. Here's what to watch: NET PROFIT FORECAST: The. ....

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Ericsson says only software support exported to Russia

Ericsson says only software support exported to Russia
tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.

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UPDATE 3-Danske Bank dividend policy brings Estonia case back in spotlight

Danske Bank on Thursday maintained its 2023 profitability target and said it expected to increase profits this year, but uncertainty over dividend payments brought potential money laundering fines back in focus. ....

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UPDATE 2-Danske Bank may have to look into Estonia dirty money case again

Q1 net profit 3.1 bln crowns vs forecast 2.67 bln
Full-year target unchanged (Adds details on Estonia case, analyst comment, share reaction)
COPENHAGEN, April 28 (Reuters) - Danske Bank said on Wednesday it may be required by authorities to conduct a further investigation into its former Estonian branch, possibly prolonging a money-laundering saga that has dogged Denmark’s biggest lender for years.
Danske is under investigation in several countries, including the United States, over some 200 billion euros ($241 billion) of suspicious transactions that passed through the bank’s tiny Estonian branch between 2007 and 2015.
Late last year, the bank completed a year-long internal investigation into its non-resident portfolio in the now shuttered Estonia branch and handed it over to authorities. ....

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Danske Bank CEO resigns after being named probe suspect

Updated / Monday, 19 Apr 2021
08:46
Danske Bank s chief executive Chris Vogelzang has resigned
The chief executive of Denmark s Danske Bank resigned today after Dutch authorities named him as a suspect in an investigation into violations of money-laundering regulations at lender ABN Amro.
Chris Vogelzang held some senior positions at Amsterdam-based ABN Amro between 2000 and 2017.
He said he was very surprised by the Dutch authorities decision, adding that his status as a suspect did not imply that he would be charged.
However, given the special situation Danske Bank is in and the intense scrutiny the bank is under, I do not want speculations about my person to get in the way of the continued development of Danske Bank, Vogelzang said. ....

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