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Danske Drops Quarterly Dividend Again Ahead of Laundering Fine

Outside a Danske Bank A/S bank branch in Aalborg, Denmark. — Outside a Danske Bank A/S bank branch in Aalborg, Denmark.
Photographer: Cathrine Ertmann/Bloomberg

By

Frances Schwartzkopff

July 22, 2022, 5:42 AM UTC

Danske Bank A/S said it won’t make a 2021 dividend payment targeted for this quarter, saying that negotiations with U.S. and Danish authorities to end a money laundering scandal are still underway.

Denmark’s biggest lender said “these discussions have not been concluded” as it published its second-quarter earnings report after providing preliminary numbers last week. Danske reiterated a previous statement that a fine is likely to be material.