Danske Bank’s Risk of a Big Penalty Just Went Up

By Anonymous

The Danish lender’s money-laundering mega-scandal keeps delivering bad news

The ultimate penalty Denmark’s Danske Bank will face for its money laundering mega-scandal is still very hard to predict, but chances are it has gone up now it faces a U.S. criminal investigation.

Danske said Thursday that the Justice Department had requested information about the business of its tiny branch in the Eastern European state of Estonia, which handled more than $230 billion worth of potentially suspicious transactions—a huge number for such a small country.

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