Within hours of Russian missiles striking cities in Ukraine at the start of the conflict, German naval commander Terje Schmitt-Eliassen was told to sail 5 warships under his command to Latvia in order to help protect the most vulnerable part… Read More ›
In a statement the European Union said, it has joined members of the Council of the Baltic Sea States (CBSS) in suspending Russia and Belarus from the Council’s activities. “This decision is a part of the European Union’s and like-minded… Read More ›
U.S. President Joe Biden has promised NATO members countries in central Europe of heightened military support following concerns of a Russian troop build-up near the Ukrainian border. Biden has also reassured its allies that Washington would not reach any agreement… Read More ›
Following two days of negotiations, most of the countries negotiating a global overhaul of cross-border taxes have backed plans for new rules which will see companies being taxed at a minimum of 15%. According to Organisation for Economic Cooperation and… Read More ›
Investors are concerned over the involvement of U.S. authorities. A U.S. sanction on the bank could significantly hamper its ability to transact in the U.S. dollar. On Thursday, in a significant development that adds pressure to the business environment in… Read More ›
A Swedish television program has stated it has uncovered documents which point to at least $4.30 billion (40 billion Swedish crowns) had been transferred between accounts at Swedbank and Danske in the Baltics between 2007 and 2015. Following a report… Read More ›
Investors concerns were largely driven by the potential involvement of U.S. authorities which led to the nose diving of Danske’s shares. On Wednesday, Thomas Borgen, Danske Bank’s CEO quit following a money laundering scandal which involved $234 billion (200 billion… Read More ›
The FSA stated it has directed the country’s prosecutors to investigate whether the small bank complied with the country’s money laundering act. On Thursday, Denmark’s financial watchdog stated it has directed the state prosecutor to investigate Copenhagen Cooperative Bank for… Read More ›
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