Thursday , 12 February 2026

Recent Posts

Danske fires executive who overcharged clients

Bloomberg Denmark’s biggest bank, already struggling to recover from a money-laundering scandal, fired the man who until last month was interim CEO because some clients paid too much for an investment product. Danske Bank A/S said on Monday that it had dismissed Jesper Nielsen, head of banking in Denmark, after it emerged that tens of thousands of domestic customers were …

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Banks stay on sidelines for Libra after Apple pay struggle

Bloomberg US banks might be happy to stay away from Facebook Inc.’s push into cryptocurrencies. For now. The Libra Association, the governing body for the coin, is in talks with lenders around the world to join its ranks. Banks are mostly keeping their distance after seeing tepid consumer reaction to digital wallets such as Apple Pay and regulatory scrutiny of …

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Carrefour sells control of its China unit for $698mn

Bloomberg Carrefour SA has agreed to sell an 80 percent stake in its China unit for $698 million in cash to local retailer Suning.com Co as it rethinks its exposure in the world’s No. 2 economy after years of decline. The yielding of control comes after a long search for a partner for the French company’s struggling Chinese operations. Once …

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