Bloomberg Danske Bank A/S has removed its chief executive officer with immediate effect after his role in one of Europe’s worst money laundering scandals left a number of shareholders indignant at his continued presence. Thomas Borgen was stripped of his CEO title on Monday, after the board appointed insider Jesper Nielsen to take over the job until a permanent replacement ...

Bloomberg One of Japan’s biggest banks is throwing away the cookie cutter when it comes to hiring fresh graduates. Realising it was recruiting “exactly the same” types of people each year, Mizuho Financial Group Inc. now wants to hire more creative thinkers who can help it meet challenges such as the technological upheaval facing banks, said Shinya Uda, a human ...

Bloomberg Switzerland’s diminishing band of mid-sized private banks should consider teaming up with other firms to expand in Asia and tap into the business of managing the wealth of the region’s millionaires, according to the chairman of the Swiss banking association. Since the global financial crisis and the end of banking secrecy, smaller Swiss wealth managers have faced heightened competition ...