Danske Bank PR Snafu Highlights Dirty Money Scandal’s Long Tail
Workers remove Danske signage and carry it to a trailer at the former Danske Bank A/S branch in Tallinn.
Photographer: Peti Kollanyi/BloombergThis article is for subscribers only.
A routine review of the financial markets’ performance over the past 10 years has turned into a Twitter storm for Danske Bank A/S, the Danish bank at the center of the Europe’s biggest money laundering scandal.
Like many others, analysts at the Copenhagen-based lender reflected a few weeks ago on the past decade’s rich returns, and said they expected the next 10 years won’t be as good. They tweeted their review, which was titled “Goodbye to the golden decade: Will the next be just as good?”