Nordea Bank ABP’s finance chief is leaving amid a broader shakeup of the bank’s management under its new chief executive. The lender said Christopher Rees, the group chief financial officer and head of group finance and treasury, is departing next year and intends to move...
Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines. The region’s largest financial institutions — Swedbank AB, Nordea Bank ABP and Danske Bank A/S— have had to spend a good chunk of money on new compliance systems and the hiring of staff members after all...
Nordea Bank’s Danish headquarters was raided and searched by the country’s state prosecutor for potential ties to illegal money laundering, according to a report in Reuters. The bank has been under investigation since 2016, and it took a 95 million euro provision in April for...
The Nordic’s P27, a bank-owned initiative to create a common payments platform across the region, is looking into buying Swedish clearing payment firm Bankgirot. P27 is a joint initiative created by Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank that aims to link...
August 27, 2024
Nordea Bank Abp has reached a settlement with the New York State Department of Financial Services (DFS) after the regulator determined that the bank had compliance failures and failed to conduct proper due diligence of its correspondent bank partners. The bank entered into a consent order with DFS and agreed to pay $35 million in penalties, the DFS […]
July 21, 2019
Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines. The region’s largest financial institutions — Swedbank AB, Nordea Bank ABP and Danske Bank A/S— have had to spend a good...
June 17, 2019
Nordea Bank’s Danish headquarters was raided and searched by the country’s state prosecutor for potential ties to illegal money laundering, according to a report in Reuters. The bank has been...
May 28, 2019
The Nordic’s P27, a bank-owned initiative to create a common payments platform across the region, is looking into buying Swedish clearing payment firm Bankgirot. P27 is a joint initiative created...
