Foreigners sell Danish shares after Danske Bank scandal: central bank
22 Mar 2019

Foreign investors sold Danish shares worth almost $14 billion in 2018 following a money laundering scandal at the country’s largest lender Danske Bank, Denmark’s central bank governor said on Wednesday.

Danske Bank is under investigation in the United States, Denmark, Estonia, France and Britain over 200 billion euros ($226 billion) in payments from Russia, ex-Soviet states and elsewhere that were found to have flowed through its Estonian unit between 2007 and 2015.

Non-residents sold Danish equities worth 91 billion crowns ($13.85 billion) last year, including 21 billion crowns’ worth of banking shares, a report from the central bank showed on Wednesday.

By Teis Jensen, Reuters, 20 March 2019

Link to Reuters

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