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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Danske Bank A/S    DANSKE   DK0010274414

DANSKE BANK A/S

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German prosecutors drop money-laundering probe against Deutsche Bank managers

10/13/2020 | 11:32am EST
The logo of Deutsche Bank is pictured on a company's office in London

BERLIN (Reuters) - German prosecutors said on Tuesday they were dropping a money-laundering investigation against managers at Deutsche Bank, over its relations with Danske Bank's Estonian subsidiary, citing a lack of evidence.

The economic crimes unit at the Frankfurt Prosecutor's Office also fined Deutsche Bank 13.5 million euros ($15.9 million) for being slow to report suspected money laundering in more than 600 cases.

The case related to a whistleblower's claims that Danske had handled 200 billion euros in suspicious payments from Russia and other ex-Soviet republics between 2007 and 2015 - the bulk of which were processed by Deutsche Bank.

Deutsche Bank, which broke off its relationship with Danske in 2015, has consistently denied wrongdoing.

"With the end to proceedings, it is clear that there were no criminal lapses on the part of Deutsche Bank or its staff," board member Stefan Simon said in a statement.

The fine relates to delays in reporting suspicious transactions between 2010 and 2015 in connection with the so-called "Azerbaijani Laundromat", which allegedly sent money to Europe to influence politicians, prosecutors said.

(Reporting by Douglas Busvine; Editing by Maria Sheahan and Pravin Char)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DANSKE BANK A/S 2.64% 112.5 Delayed Quote.9.19%
DEUTSCHE BANK AG 0.51% 9.672 Delayed Quote.7.58%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.55% 74.1286 Delayed Quote.-0.74%
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Financials
Sales 2020 42 163 M 6 840 M 6 840 M
Net income 2020 4 321 M 701 M 701 M
Net Debt 2020 - - -
P/E ratio 2020 23,1x
Yield 2020 1,88%
Capitalization 93 705 M 15 240 M 15 201 M
Capi. / Sales 2020 2,22x
Capi. / Sales 2021 2,21x
Nbr of Employees 22 582
Free-Float 78,4%
Chart DANSKE BANK A/S
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Danske Bank A/S Technical Analysis Chart | DANSKE | DK0010274414 | MarketScreener
Technical analysis trends DANSKE BANK A/S
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 112,91 DKK
Last Close Price 109,90 DKK
Spread / Highest target 63,8%
Spread / Average Target 2,74%
Spread / Lowest Target -24,1%
EPS Revisions
Managers and Directors
NameTitle
Chris Vogelzang Chief Executive Officer
Karsten Dybvad Dalsjö Chairman
Frans Woelders Group Chief Operating Officer
Stephan Engels Chief Financial Officer
Fredrik Lindstrom Group Chief Information Officer
Sector and Competitors