August 2 2019
Danske Bank has outlined plans to quit Russia by January next year after the Danish bank was rocked by allegations its Estonian branch was involved in a mind-boggling $230 billion money laundering scandal, bne IntelliNews reported Friday.
In a memo to his contacts yesterday, Russia Country Manager Edvin Kornelius said “goodbye to our Moscow corporate team” as well as part of the bank’s remaining St Petersburg personnel. Kornelius said the remaining Moscow-based clients will be supported out of St Petersburg until the lender’s full closure in January next year.
