AMWatch

New blow for Danske Bank as business school cuts all ties

Danske Bank is currently being heavily criticized for its involvement in a money-laundering scandal in the bank's Estonian branch. Now, in a further knock, Denmark's leading business school is severing all future ties to the bank.

Danske Bank headquaters in Copenhagen. | Photo: Mads Joakim Rimer Rasmussen/ Ritzau Scanpix

Danske Bank's reputation is currently taking severe punishment due to the bank's involvement in a money-laundering scandal in its Estonian branch, where "a large part" of money transfers totalling some EUR 200 billion may be "suspicious", according to the bank's own statements.

As a concequence, management at Denmark's leading business school, Copenhagen Business School, or CBS, has decided to cut all future ties with the bank, Danish business news service Finans reports.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Further reading

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch