Wednesday , 11 February 2026

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Danske staff told not to fear bonus cuts amid Estonian scandal

Bloomberg Danske Bank A/S may be facing billions of dollars in fines for its Estonian laundering scandal, but its employees don’t need to worry about having their bonuses cut. Jesper Nielsen, who’s been running the bank on an interim basis since Thomas Borgen was relieved of his duties as chief executive in October, says there might be some bonus adjustments …

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No rush to reverse last year’s rate hikes, says Philippine central banker

Bloomberg Philippine central bank Deputy Governor Diwa Guinigundo said a quick reversal of last year’s monetary tightening — either through a reduction in the amount of cash that banks must hold as reserves or a cut in key interest rates — would be “bad economic or monetary policy.” While inflation in the last two months of 2018 cooled from a …

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Australia bank execs get lashed for misconduct

Bloomberg The final report of an inquiry into misconduct in Australia’s financial system will land with a thud at National Australia Bank Ltd.’s headquarters. It’s just not the size of the three-volume report, but the blast aimed at Chief Executive Officer Andrew Thorburn and Chairman Ken Henry, who testified during the Royal Commission’s final round of hearings. “Having heard from …

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