Article: Danske Bank Charged by Police for Violating Market Abuse Law

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Danske Bank Charged by Police for Violating Market Abuse Law

Frances Schwartzkopff and Christian Wienberg, 25 June 2021

Danske Bank A/S has been charged by Danish police for allegedly violating rules intended to protect investors from market manipulation.

Denmark’s biggest bank, which is separately being investigated in the U.S. and Europe amid an ongoing money-laundering case, says it received notice of preliminary charges from the Danish State Prosecutor for Serious Economic and International Crime, or SOIK. The case relates to two potential violations of market abuse regulations, according to an emailed statement on Friday. Continue reading “Article: Danske Bank Charged by Police for Violating Market Abuse Law”

Article: Bitcoin Ban Upheld at Danske Bank Amid Growing Client Demand

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Bitcoin Ban Upheld at Danske Bank Amid Growing Client Demand

Christian Wienberg and Niclas Rolander, 18 June 2021

Danske Bank A/S says it won’t lift a ban on trading Bitcoin and other cryptocurrencies on its platforms, despite growing interest from clients.

Denmark’s biggest bank pointed to a lack of transparency and regulation in crypto trading, in a statement on its website. It also warned of volatile and “opaque” pricing, and noted that the carbon footprint of mining cryptocurrencies is at odds with Danske’s goal of doing sustainable banking. Continue reading “Article: Bitcoin Ban Upheld at Danske Bank Amid Growing Client Demand”

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