Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Banking

Danske Bank CEO resigns after being named a suspect in Dutch probe

2021 04 19T062943Z 1 LYNXMPEH3I0BU RTROPTP 4 DANSKE BANK MOVES - Global Banking | Finance

COPENHAGEN (Reuters) -Danske Bank Chief Executive Chris Vogelzang resigned on Monday after the Dutch authorities named him as a suspect in a probe into violations of money-laundering regulations at Dutch lender ABN Amro, Danske Bank said in a statement.

“I am very surprised by the decision by the Dutch authorities,” Vogelzang said in a statement, adding 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.

Vogelzang took the helm of Danske Bank in June 2019, with a mandate to steer Danske through one of the world’s biggest money-laundering scandals, where 200 billion euros ($239 billion) in suspicious transactions passed through its Estonian branch between 2007 and 2015.

“We are very sorry to see Chris Vogelzang leave Danske Bank. He has been instrumental in the initiation of the ongoing transformation of Danske Bank and the progress and results it has already created,” Danske Chairman Karsten Dybvad said.

Carsten Egeriis, Danske’s chief risk officer for the past four years, will take over as chief executive effective immediately, Danske said.

Danske board member Gerrit Zalm, Vogelzang’s former boss at ABN Amro, decided to resign, the bank also said on Monday.

($1 = 0.8358 euros)

(Reporting by Nikolaj Skydsgaard; Editing by Christopher Cushing)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post