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US is probing laundering case: Danske Bank

Bloomberg Danske Bank A/S said the US has started an investigation into a money laundering case involving Denmark’s biggest bank that has already toppled its chief executive officer and triggered numerous other probes. The development comes as criminal investigations are under way in Estonia and Denmark, and after Danske said that a large part of about $235 billion that flowed ...

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Irish bank loan scandal bill tops half billion euros

Bloomberg Irish banks paid out over a half a billion euros to customers caught in a mortgage overcharging scandal, according to the nation’s central bank governor. Lenders handed 580 million euros to affected customers by the end of August, an increase of about 120 million euros since the end of March, central bank Governor Philip Lane was expected to say ...

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US airlines find way to unlock riches in coach

Bloomberg Travellers probably won’t be rushing to praise the airlines for it, but industry investors should find a lot to love in an innovation that offers just a smidgen more wiggle room for twice the money. As budget coach seats become more cramped, and business class gets more luxurious and pricey, demand has swelled for an in-between option that will ...

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