Danske Bank closes down its banking activities in Estonia

This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEF90256_L.jpg

COPENHAGEN (Reuters) – Danske Bank (CO:) said its Estonian business had entered into liquidation on Tuesday after the country’s financial regulator in February ordered it to close its branch at the center of one of the largest ever money laundering scandals.

“Danske Bank has now essentially closed all banking activities in Estonia in accordance with the plan agreed with the Estonian FSA,” said Executive Vice President and chairman of the Liquidation Committee, Frederik Bjoern, in a statement.

All Danske Bank logos and signs will be removed from the head office building in Tallinn in the coming days, it said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment