Danske Bank

Danske Bank A/S is a Danish bank. It was founded 5 October 1871 as Den Danske Landmandsbank, Hypothek- og Vexelbank i Kjøbenhavn. Headquartered in Copenhagen, it is the largest bank in Denmark and a major retail bank in the northern European region with over 5 million retail customers.

Source: en.wikipedia.org

Fed Fines Deutsche Bank $186 Million for ‘Insufficient Remedial Progress’
Fed Fines Deutsche Bank $186 Million for ‘Insufficient Remedial Progress’
July 19, 2023  |  Bank Regulation

The Federal Reserve has fined Deutsche Bank $186 million, saying it has made “insufficient remedial progress” on earlier consent orders around sanctions compliance and anti-money...

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Plunging Cash Use, Digital Wallet Partnership Help Boost Instant Payments in Norway
Plunging Cash Use, Digital Wallet Partnership Help Boost Instant Payments in Norway
April 17, 2023  |  Real-Time Payments

Scandinavian countries are some of the most technologically advanced in the world, including in the area of real-time payments. Take Norway for example. The Nordic...

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Major Banks Incorporate New UK Company to Promote Shared Hubs
Major Banks Incorporate New UK Company to Promote Shared Hubs
December 19, 2022  |  Banking

The U.K.’s major banks have joined forces to protect consumers’ access to cash. A new nonprofit company called Cash Access UK has been set up...

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CMA Cracks Down on ‘Bundling’ Rules Breach at Top UK Banks
CMA Cracks Down on ‘Bundling’ Rules Breach at Top UK Banks
September 05, 2022  |  Banking

The United Kingdom’s Competition and Markets Authority (CMA) this week announced that it has directed NatWest to issue refunds after it was found to have...

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Danske Bank Rebuked Over Lacking Money Laundering Controls
Danske Bank Rebuked Over Lacking Money Laundering Controls
October 20, 2021  |  AML

Denmark-based Danske Bank has come under fire for lackluster protocols in place following a money laundering scandal, according to a Wednesday (Oct. 20) report from...

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Nordic Banks Strike Deal To Merge Three Mobile Payments Apps
Nordic Banks Strike Deal To Merge Three Mobile Payments Apps
June 30, 2021  |  Mobile Commerce

Denmark-based Danske Bank, which operates MobilePay, has reached an agreement with OP Financial Group in Finland, which owns Pivo, and the Norwegian banks behind Vipps...

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Jittery Investors Dump Shares Of Nordic Banks After Reports Of FBI Investigation
Jittery Investors Dump Shares Of Nordic Banks After Reports Of FBI Investigation
December 15, 2020  |  Security & Fraud

A report by a major Swedish newspaper triggered a selloff by investors of shares in a trio of Nordic banks, puzzling analysts since the revelations...

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Danske Bank Debuts Payment Automation For Corporate Cards
Danske Bank Debuts Payment Automation For Corporate Cards
November 22, 2020  |  B2B Payments

Danske Bank, the Copenhagen-based retail bank, has partnered with FinTech firm Zenegy to roll out a new method for automating payments made with corporate cards,...

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Danske Bank To Slash Jobs As Money Laundering Allegations Mount
Danske Bank To Slash Jobs As Money Laundering Allegations Mount
October 08, 2020  |  Personnel

Embroiled in a money-laundering scandal, Danske Bank plans to eliminate up to 1,600 jobs in what the Nordic bank is describing as a cost-cutting move....

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