Make Kitco Your Homepage

BUZZ-Danske Bank: Fresh media reports on AML case dents shares

Kitco News


** Shares in Danish bank down 4.7 pct


** FT reports co handled up to $30 billion of non-residents' money via its Estonian branch in 2013
** Danske Bank said in an email to Reuters that it was not able to verify the information in the report
** "The matter is very complex, and no conclusion as to the number of suspicious customers or transactions - or indeed the extent of potential money laundering - can be drawn from any individual pieces of information taken out of context," the bank said in email
** The headline number may elicit a negative reaction initially say analysts at Morgan Stanley but keep "Overweight" rating
** KBW says they need to wait to see more details before assessing any potential penalties for co
** Shares among bottom performers on Stoxx 600

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.