Danske Bank investigation may lead to US fines
Investors are watching for signs of a possible U.S.-led fine, which would be another big hit to the bank, which has seen its shares fall by more than a fifth over the past six months as the scandal has unraveled.
Estonian and Danish prosecutors have started criminal investigations concerning transactions worth billions of Danish crowns that might have been part of criminal money laundering.
While the bank does not have a banking license in the United States, it has a bond program in dollars and its Estonian branch saw U.S. dollar customer flows, which could heighten interest among U.S. regulators.
Posted from http://giccp.com/danske-bank-investigation-may-lead-to-us-fines/
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