Danske Bank CEO quits over $234 bln money laundering scandal

By Jacob Gronholt-Pedersen and Teis Jensen COPENHAGEN, Sept 19 : Danske Bank’s chief executive Thomas Borgen resigned on Wednesday after an investigation revealed payments totalling 200 billion euros ($234 billion) through its small Estonian branch, many of which the bank said were suspicious. The Danish bank detailed compliance and control failings amid growing calls for […]

Denmark wants to cooperate as much as possible on European defence – PM

By Teis Jensen COPENHAGEN, Aug 28 : Denmark will take part as much as possible in European defence cooperation outside NATO, Prime Minister Lars Lokke Rasmussen said after meeting France’s president on Tuesday. French President Emmanuel Macron, who said on Monday that Europe could no longer rely on the United States for its security, welcomed […]

Drought, weak exports set to take toll on Denmark’s economic growth

By Teis Jensen COPENHAGEN, Aug 23 : Drought-hit agriculture and weak international markets for key companies like Lego, Novo Nordisk and Vestas are set to slow growth in Denmark’s export-driven economy this year. While Danes have mostly enjoyed an unusually sunny summer, the farming sector, a cornerstone in the country’s rise to prosperity, says weather-related […]