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Danish regulator reports Danske Bank to police on overcharging investors

Bloomberg Denmark’s financial watchdog has reported Danske Bank A/S to the police after it overcharged retail investors. The bank, which is already under criminal investigation in the US and across Europe for its role in an Estonian money laundering scandal, misled its customers about the returns they could expect on short-term investments, the Financial Supervisory Authority (FSA) in Copenhagen said ...

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German tax case puts entire finance industry on trial

Bloomberg Germany’s most convoluted tax case in recent memory gets a human face when two former investment bankers make their debut in court. But more than the duo’s dealings, it’s the role of the financial services industry at large that will come under scrutiny. The two men, Martin S, 41, and Nicholas D, 38, are charged with helping orchestrate transactions ...

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American pulls 737 Max from schedule through early Dec

Bloomberg American Airlines Group Inc removed the Boeing Co 737 Max from its schedule for another month, joining carriers cancelling flights until December and beyond as they await US approval to fly the grounded jet. The extension means the cancellation of 140 daily flights through December 3, American said in a statement. The airline “remains confident that impending software updates ...

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