Estonia kicks out Danske Bank

Jasper Cox

February 19, 2019 02:15 pm

Danske3_PA_230x150 — 26 October 2018, Hamburg: Passers-by pass a building with a branch of the Danish Danske Bank. On 01.11.2018 Danske Bank publishes its figures for the 3rd quarter. Photo: Christian Charisius/dpa | Christian Charisius/DPA/PA Images

The Estonian Financial Services Authority this week ordered Danske Bank to leave the country. The Danish lender replied that it would exit the Baltics and Russia as a whole. Meanwhile, the Estonian regulator and its Danish counterpart are under investigation for a possible breach of European Union law in relation to Danske’s money laundering scandal.

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Topics

Regulation Central and Eastern Europe (CEE)CEE Bonds EMEA People and Markets Bank Strategy Russia EM People and Markets FIG People and Markets Europe Emerging Markets Danske Bank SRI FIG CEE

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Jasper Cox