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Danske’s cost burden keeps growing in an age of bank scandals

Bloomberg At Danske Bank A/S, the cost of adapting to a world intensely focused on financial crime just keeps growing. In an interview in Stockholm, the chief executive of Danske in Sweden, Johanna Norberg, said “the peak” level of investment to meet anti-money laundering requirements has “not yet been reached.” The 48-year-old has been running Danske’s operations in the biggest ...

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Citi sees better year for commodities

Bloomberg Expectations of global growth and particularly in emerging markets mean this year is likely to be positive for commodities but with a number of wild cards, according to Citigroup Inc. The US and China, which hold outsized sway over the world’s economic fortunes, both may have policies that skew towards higher global growth, strategists led by global head of ...

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Russian billionaire sues Nordic banks

Bloomberg Should banks be forced to accept a client who could be on the wrong side of the law? A court in Finland is about to decide the answer to that question, and its verdict may have far-reaching implications. Russian billionaire Boris Rotenberg is suing four Nordic banks for not doing business with him. The oligarch, an associate of President ...

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