Europe Top News and Analysis Denmark

  • COPENHAGEN, Nov 8- Denmark's largest lender Danske Bank is looking for a new chief executive in the wake of a money laundering scandal centred on $235 billion in transactions that passed through its Estonia branch. Danske Bank last month dropped plans to appoint Jacob Aarup-Andersen, its wealth management boss, as CEO after the Danish Financial Supervisory...

  • *Sham stock-trading scheme cost Germany billions of euros. *Germany urges EU cooperation, after Danish criticism. Scholz's comments, which are his strongest condemnation of the practice yet, will fuel debate about preventing a repeat of schemes, known as cum-ex, which hit Germany, Denmark and other countries.

  • settle with U.S authorities- CEO@. Nov 1- Danske Bank A/S:. *INTERIM CEO SAYS IT COULD TAKE UP TO THREE YEARS TO SETTLE ESTONIAN MONEY LAUNDERING CASE WITH U.S.

  • A lab technician at Novo Nordisk conducts in vitro research in Malov, Denmark.

    Denmark's Novo Nordisk reported weaker-than-expected earnings on Thursday, citing currency headwinds.

  • Howard Wilkinson, a British trader in Danske Bank's Estonia branch until 2014, is scheduled to testify at public hearings in Copenhagen on Nov. 19, and in Brussels on Nov. 21. "We have previously sent a legal statement to the giving our permission to talk to the relevant supervisory authorities in Denmark and Estonia, and have encouraged the person in question to,"...

  • *Market forecast to grow to at least 450 million euros in 2022. COPENHAGEN, Oct 26- Danish cannabis firm StenoCare sparked a stock market stampede on Friday as investors rushed to buy into its shares on their debut, driven by enthusiasm for the therapeutic benefits of its products. Interest from investors in the stock had been overwhelming, Chief Executive Thomas...

  • COPENHAGEN, Oct 26- Danish cannabis firm StenoCare sparked a stock market stampede on Friday as investors rushed to buy into its shares on their debut, driven by enthusiasm for the therapeutic benefits of its products. Denmark is one of several European countries, including Germany, Britain, the Czech Republic and Italy, that have allowed prescriptions of...

  • "The fundamentals are looking quite supportive, especially for copper, but prices keep being pulled lower on risk aversion, the worries about a global slowdown," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. LME benchmark copper fell to a low of $6,113.50 a tonne, its weakest since Oct. 11 after Wall Street's worst day since 2011 on Wednesday.

  • COPENHAGEN, Oct 24- The whistleblower who helped to reveal a major money laundering scandal at Denmark's largest bank, Danske Bank, will testify before the European Parliament and the Danish Parliament at two events in November. Howard Wilkinson, a British trader in Danske Bank's Estonia branch until 2014, will testify at public hearings in Copenhagen on Nov....

  • LISBON, Oct 23- London's popularity among Europe's tech startup hubs has slumped as Brexit approaches and the city only kept its top spot in an European industry survey published on Tuesday by a narrow margin. The survey of 540 tech founders showed that London's popularity dropped to 41 percent in 2018 in a weighted vote, down from 55 percent in 2017. Berlin...

  • MUNICH, Oct 21- Roche's entrectinib cancer pill was shown to shrink tumours in 57 percent of patients within a group that can only be identified via genetic profiling, as the Swiss drugmaker challenges an alliance of Bayer and Loxo Oncology in a new targeted treatment area. The trial results on patients with a gene anomaly known as NTRK fusion, which occurs in less...

  • By John O'Donnell and Tom Sims. FRANKFURT, Oct 19- European politicians have called for action to tackle dividend stripping after Reuters and other media revealed how large banks were involved in trading schemes that cost taxpayers billions of euros. In Germany's biggest post-war fraud investigation, prosecutors in Cologne are investigating banks...

  • Donald Trump at the first work session of the North Atlantic council at the NATO Summit, July 11, 2018. 

    President Donald Trump's "America First" approach to foreign policy is not part of the solution when it comes to restoring international order, according to the former head of NATO.

  • TALLINN, Oct 12- Estonia's Ministry of Finance will close its accounts at Danske Bank's Estonian branch as of Nov. 30, as the bank has announced it will close down its local customer business, a spokeswoman for the finance ministry said.

  • COPENHAGEN/ TALLINN, Oct 3- Banks doing business in Estonia, which has been at the center of a money-laundering scandal involving Danske Bank, handled cross-border transactions of more than $1 trillion in and out of the country between 2008 and 2017, according to its central bank. The scandal has forced lenders in Estonia and neighboring Latvia to shut down.

  • COPENHAGEN, Oct 10- Danish and Estonian regulators have not sought assistance from Moscow in their investigation of a massive money laundering scandal involving Russian and other account holders, Russia's financial monitoring service told Reuters on Wednesday. Some 23 percent of the incoming funds in the Estonian non-resident portfolio, the centre of the...

  • COPENHAGEN, Oct 9- Investors in Pandora, the world's biggest jewellery maker, need to be patient as it adapts its trademark charm bracelets for today's more simple tastes while expanding in areas such as necklaces and rings, its design head told Reuters. Chief Creative Officer Stephen Fairchild is charged with speeding up innovation at the Danish company, which...

  • *DOJ conducting criminal probe into Estonia branch. COPENHAGEN, Oct 4- Danske Bank faces a U.S. criminal investigation into a 200 billion euro money laundering scandal at its Estonian branch which has rocked investor faith in Denmark's biggest lender and forced its chief executive to quit. Danish business minister Rasmus Jarlov has said Denmark wants to avoid...

  • *DOJ conducting criminal probe into Estonia branch. COPENHAGEN, Oct 4- Danske Bank faces a criminal investigation by the U.S. Department of Justice over a 200 billion euro money laundering scandal involving its Estonian branch, increasing long-held investor fears. Denmark's largest bank said on Thursday that it had "received requests for information from the...

  • Valentin Stalf, CEO of N26, at the bank's office in Berlin, Germany.

    N26 CEO Valentin Stalf said the app-only bank could launch an initial public offering (IPO) in the next "three to five years."