Danske Bank drops to last place in private banking survey - Prospera
Published Oct 26, 2018 06:42
Danske Bank drops to last place in private banking survey - Prospera
COPENHAGEN (Reuters) - Danske Bank (CO:DANSKE), which is embroiled in a major money laundering scandal, is now the least preferred of the five large banks in Denmark amongst wealthy private banking customers, a survey from Swedish consultancy firm Prospera showed on Friday.
The survey, which is based on 500 interviews with private banking customers, put Nykredit, Sydbank (CO:SYDB), Nordea (HE:NDAFI) and Jyske Bank (CO:JYSK) in front of Danske, which came second place last year and first place in 2016.
The money laundering scandal involves 200 billion euros (177.4 billion pounds) in payments through Danske's Estonian branch from 2007 through 2015, many of which the bank last month said it regarded as suspicious.
The scandal led to the resignation of the bank's former chief executive and the almost halving of Danske Bank's share price since February.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.