“The Italian bank has bought some time with the ECB, but what it really needs is a white knight.”
Bank
Nordic model tarnished as scandals hit region’s banks (FT)
“Nordic banks were seen as the stars to emulate after the global financial crisis as many of them emerged in better shape than lenders from Germany, the UK or southern Europe. But now their shares are under pressure amid a growing number of allegations.”
Danske Bank board ousts chief following €200bn scandal (FT)
Danske Bank reversed course and ended Thomas Borgen’s reign as chief executive with immediate effect as Denmark’s largest lender seeks to overcome its €200bn money laundering scandal.