Thursday, October 29, 2020

Nordea says CEO von Koskull to retire by end-2020

-

Nordea, one of the Nordic region’s biggest banks, said on Sunday its Chief Executive Casper von Koskull would retire by the end of 2020 and it had begun the process of finding a successor for the 58-year-old.

Koskull joined Nordea in 2010 after working at Goldman Sachs and was named President and Group CEO in November 2015.

“Casper will turn 60 in 2020 and has wished to make that the point of retirement following a long and intense career in banking,” Nordea said in a statement.

Nordea booked a 95 million euro ($108 million) provision in April for a possible fine for alleged money-laundering, and also posted a bigger-than-expected drop in its first-quarter operating profit.

- Advertisement -

Nordic banks are facing intense scrutiny after Danske Bank became embroiled in a huge money laundering scandal at its Estonian branch. ($1 = 0.8797 euros) (Reporting by Shubham Kalia in Bengaluru; Editing by Alexander Smith)

- Advertisement -
- Advertisement -

MUST READ

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

South Korea’s former Vice Justice Minister sentenced to jail for bribery and sexual favors

Former Vice Justice Minister Kim Hak-eui, the figure at the center of one of Korea’s biggest political sex scandals, was placed under pretrial detention...

Beam Suntory Inc. fined $19.6 million in foreign bribery case

Beam Suntory Inc. (Beam), a Chicago-based company that produces and sells distilled beverages, has agreed to pay a criminal monetary penalty of $19,572,885 to...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Indonesia sentenced stockbroker to life over fraudulent investment scheme

Renowned stockbroker Benny Tjokrosaputro was sentenced to life by the Jakarta Anticorruption Court on Monday evening for his role in a major graft scandal...

Namibia probes oil firm Acer petroleum over bribes paid to government officials

THE mines and energy ministry says it is investigating allegations that an oil company bribed some senior officials to fast-track licence applications. The senior officials...

Bribery trial of former San Angelo police chief Tim Vasquez delayed until 2021

The trial of former San Angelo police chief Tim Vasquez will not happen until 2021, according to court documents. The trial, originally set for...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks