trending Market Intelligence /marketintelligence/en/news-insights/trending/f1kxVZkqz6EUij3rCt_YZA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Danske Bank faces $475M investor lawsuit over Russian money laundering scheme

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Danske Bank faces $475M investor lawsuit over Russian money laundering scheme

Two U.S. law firms have filed a case against Danske Bank A/S before the Copenhagen City Court on behalf of international investors over the Danish lender's alleged ties to a massive Russian money-laundering scheme.

Grant & Eisenhofer PA and DRRT represent Danske Bank investors from 19 countries across Europe, Asia, Australia and North America. The claimant group, which is seeking $475 million in damages, is asserting fraud claims stemming from the scheme and its purported multiyear cover-up by the lender and its senior leadership, Grant & Eisenhofer said in a March 18 statement.

The complainants allege that Danske Bank's management "engaged in a concerted cover-up of its enormous money laundering exposure, while continuing to paint a rosy picture to investors," the law firm said.

The lender and four of its former executives are already facing a class-action lawsuit in New York for failing to provide information about its Estonian branch's suspected €200 billion money laundering activities, for which it is under investigation by international authorities.