DNKEY - Danske Bank A/S

Other OTC - Other OTC Delayed Price. Currency in USD
7.71
-0.25 (-3.14%)
At close: 3:55PM EDT
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Previous Close7.96
Open7.71
Bid0.00 x 0
Ask0.00 x 0
Day's Range7.70 - 7.76
52 Week Range7.70 - 16.09
Volume69,396
Avg. Volume81,300
Market Cap12.886B
Beta (3Y Monthly)0.67
PE Ratio (TTM)5.44
EPS (TTM)1.42
Earnings DateN/A
Forward Dividend & Yield0.65 (8.12%)
Ex-Dividend Date2019-03-19
1y Target Est2.50
Trade prices are not sourced from all markets
  • Danske Bank ousts former interim CEO after customers overcharged
    Reuters9 hours ago

    Danske Bank ousts former interim CEO after customers overcharged

    Danske Bank has dismissed its former interim chief executive Jesper Nielsen after thousands of Danish customers were overcharged for an investment product, a first step by its new boss to restore trust in the troubled lender. The case, which the Danish financial services authority called "very serious", is another blow to the reputation of Denmark's biggest bank which is trying to limit the fallout from its involvement in a major money laundering scandal. Both the FSA and the public prosecutors "are pursuing the possibility of penalising the bank," the country's acting business minister Rasmus Jarlov said on Facebook.

  • Financial Times11 hours ago

    Danske Bank fires its former interim chief over mis-selling scandal

    The Danske Bank manager who was made interim chief executive after a €200bn money-laundering scandal has been dismissed over a separate mis-selling scandal in a further embarrassing setback for the Danish lender. Jesper Nielsen has been fired as head of the lender’s Danish bank because of a role he allegedly played in the mis-selling of a wealth management product. Mr Vogelzang said on Monday that, following an internal whistleblower’s report in September, 87,000 of the bank’s customers who invested in the Flexinvest Fri investment product had been overcharged fees in comparison with expected returns.

  • Danske Bank Fires Star Executive Who Overcharged Retail Clients
    Bloomberg15 hours ago

    Danske Bank Fires Star Executive Who Overcharged Retail Clients

    (Bloomberg) -- Denmark’s biggest bank, already struggling to recover from a money-laundering scandal, fired the man who until last month was interim CEO because some clients paid too much for an investment product.Danske Bank A/S said Monday that it had dismissed Jesper Nielsen, head of banking in Denmark, after it emerged that tens of thousands of domestic customers were improperly charged. The lender now owes them a total of 400 million kroner ($61 million) in compensation.Nielsen, 50, ran the bank as interim CEO following the $230 billion dirty-money debacle and was tipped as a potential permanent leader before Danske picked Chris Vogelzang, a former ABN Amro banker, for the top job. The bank’s shares have plunged 60% since early 2018, as the laundering affair unfolded, and fell as much as 2.7% after Monday’s announcement.Nielsen “did not to a sufficient degree ensure that the Flexinvest Fri product was suitable for the bank’s customers,” Chairman Karsten Dybvad said in a statement. “Therefore, we find that Jesper cannot continue in his position.”Danske fired CEO Thomas Borgen in October over the laundering scandal and Nielsen had acted as interim CEO until June. Nielsen, a Danish national, had been with Danske since 1996.Vogelzang apologized to clients in a statement. “Misguided management decisions” meant that Danske didn’t give customers “proper advice,” he said. “We will take all the steps necessary to prevent something similar from happening again in future.”Danske said that 87,000 customers were overcharged during the implementation of new MiFID II regulation in 2017. The bank said the fees were too high compared with expected returns in a low-interest environment, making the product “unsuitable for some customers.”While Danske searches for a replacement for Nielsen, Glenn Soederholm, who’s head of banking in the other four Nordic countries, will take over the Danish banking division.Danske said it had informed the Danish Financial Supervisory Authority, which is looking into the matter. “We expect to receive justified and severe criticism from the FSA,” Danske said.Danske said it was made aware of the issue through an employee’s report in September. The lender was criticized for not taking internal whistle-blower reports seriously during the nine years through 2015, when its Baltic operations were allegedly used to launder Russian money.(Adds details on Nielsen’s background.)To contact the reporter on this story: Christian Wienberg in Copenhagen at cwienberg@bloomberg.netTo contact the editors responsible for this story: Tasneem Hanfi Brögger at tbrogger@bloomberg.net, Nick RigilloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters21 days ago

    Danske Bank to sell Estonian private loans unit to LHV in $458 million deal

    Danske Bank, which is trying to recover from a major money laundering scandal, has agreed to sell its portfolio of Estonian private loans to LHV Pank in a deal worth 410 million euros ($458.3 million), Estonia's LHV said on Monday. Danske Bank has already said it will pull out of the Baltic states and Russia after Estonia earlier this year ordered it to close the branch at the center of one of the largest ever money laundering scandals.

  • Reuterslast month

    Danske Bank picks ex-ABN banker as CEO to rebuild trust

    Danske Bank hired former ABN AMRO banker Chris Vogelzang as its new chief executive on Friday as it wrestles to limit the fallout from its involvement in one of the biggest money laundering scandals. Denmark's biggest lender is being investigated in Denmark, the United States, Britain and the Baltics after revealing that 200 billion euros ($224 billion) in suspicious transactions passed through its Estonian branch between 2007 and 2015. Among the challenges facing Vogelzang, who was on the management board of Dutch bank ABN AMRO until 2017, are rebuilding investor and customer trust and keeping Danske Bank focused during the myriad inquiries into its conduct.

  • Reuters2 months ago

    Danske Bank appoints new head of financial crime unit from Morgan Stanley

    Danske Bank, entangled in one of the world's biggest money laundering scandals, said on Wednesday it had appointed Satnam Lehal from Morgan Stanley to head its financial crime unit. As head of the unit Lehal will be responsible for "preventing money laundering, terrorist financing, fraud, bribery and corruption and ensuring strict adherence to sanctions and embargoes requirements," Danske Bank said in a statement.

  • Reuters2 months ago

    Ex-Danske CEO Borgen charged over money laundering case - report

    Danish prosecutors have charged Thomas Borgen, former chief executive of Danske Bank, over his involvement in one of the world's biggest money laundering scandals, newspaper Borsen reported on Tuesday, citing his lawyer. Borgen is the first person to be charged in a case that involves suspicious transactions of some 200 billion euros (171.08 billion pounds) that passed through Danske Bank's Estonian branch between 2007 and 2015. Shares in Danske Bank have more than halved since March last year, and on Tuesday fell to their lowest since August 2013 following the Borsen report, which did not specify the nature of the charges against the bank's former CEO.

  • Reuters2 months ago

    Ex-Danske CEO Borgen charged over money laundering case -report

    Danish prosecutors have charged Thomas Borgen, former chief executive of Danske Bank , over his involvement in one of the world's biggest money laundering scandals, newspaper Borsen reported on Tuesday, citing his lawyer. Borgen is the first person to be charged in a case that involves suspicious transactions of some 200 billion euros ($224 billion) that passed through Danske Bank's Estonian branch between 2007 and 2015. Shares in Danske Bank have more than halved since March last year, and on Tuesday fell to their lowest since August 2013 following the Borsen report, which did not specify the nature of the charges against the bank's former CEO.

  • Reuters2 months ago

    Supervisors ignored Russian warnings over money laundering at Danske - document

    Russia's Central Bank sent warnings in 2007 and 2013 to Estonian and Danish financial supervisors over suspect transactions worth billion of dollars at the Estonian branch of Danske Bank but they were largely ignored, a confidential EU document shows. The EU paper, seen by Reuters, is the outcome of an investigation by the European Banking Authority (EBA) and details for the first time the extent of supervisory shortcomings in the two countries over the Danske case. The EBA investigation followed the disclosure last year of a money-laundering scandal at Danske Bank, Denmark's largest bank, which has admitted that 200 billion euros (£172 billion) of suspicious transactions flowed through its Estonian branch between 2007 and 2015.

  • Supervisors ignored Russian warnings over money laundering at Danske: document
    Reuters2 months ago

    Supervisors ignored Russian warnings over money laundering at Danske: document

    Russia's Central Bank sent warnings in 2007 and 2013 to Estonian and Danish financial supervisors over suspect transactions worth billion of dollars at the Estonian branch of Danske Bank but they were largely ignored, a confidential EU document shows. The EU paper, seen by Reuters, is the outcome of an investigation by the European Banking Authority (EBA) and details for the first time the extent of supervisory shortcomings in the two countries over the Danske case. The EBA investigation followed the disclosure last year of a money-laundering scandal at Danske Bank, Denmark's largest bank, which has admitted that 200 billion euros of suspicious transactions flowed through its Estonian branch between 2007 and 2015.

  • Reuters2 months ago

    PRESS DIGEST- Financial Times - April 29

    The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines CVC and HPEF plan to offload stakes in the Executive Centre ...

  • EU states force clearing of Estonian, Danish regulators over Danske Bank
    Reuters2 months ago

    EU states force clearing of Estonian, Danish regulators over Danske Bank

    COPENHAGEN/BRUSSELS (Reuters) - National banking supervisors who control the European Union banking watchdog effectively forced it to clear financial regulators in Estonia and Denmark, who were investigated in relation to suspected money laundering activities by Danske Bank, a member of the European parliament said on Wednesday. The European Banking Authority (EBA) said in a statement on Wednesday it was closing its investigation. "At a vote at its meeting on 16 April 2019 the EBA's Board of Supervisors rejected a proposal for a breach of Union law recommendation," it added.

  • Reuters2 months ago

    Danske Bank auditor EY reported to fraud squad over 2014 report

    Accountant EY's audit of scandal-hit Danske Bank came under scrutiny on Friday as Danish authorities asked the state prosecutor for financial fraud to investigate the matter. Danske Bank is under investigation in the United States, Denmark, Estonia, France and Britain over payments from Russia, ex-Soviet states and elsewhere. "In connection with the audit of Danske Bank's financial statements for 2014, EY became aware of information that should have prompted it to carry out further investigations and notified the Money Laundering Secretariat," the Danish Business Authority (DBA) said on Friday.