Danske Scandal Has Danish Central Bank Citing Systemic Risks
Customers use automated teller machines (ATM) outside a Danske Bank A/S branch in Copenhagen.
Photographer: Freya Ingrid Morales/Bloomberg
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Danske Bank A/S’s dirty money scandal could hurt the whole finance industry in its home market amid risks that investors and customers lose confidence in the sector, Denmark’s central bank warned.
“Money laundering problems in a single bank could spread to the entire financial sector and could in turn affect financial stability,” Copenhagen-based Nationalbanken said on Friday.