Trust in Danske Bank has collapsed amid its involvement in a damaging money laun...
) has collapsed amid its involvement in a damaging money laundering scandal said the bank’s Chief Executive Chris Vogelzang on Wednesday, as he vowed to strengthen the bank’s defense.
“At Danske Bank we talk a lot about rebuilding trust because our trust has collapsed,” Vogelzang said at a banking event in Copenhagen organized by business daily Borsen. According to the ex-ABN Amro banker, efforts to combat money laundering are not advanced in Denmark and across the Nordics. “Thieves and criminals will rather go to the weak spots than to the stronger spots. And ... my bank had weakened defenses. It was not bad faith, we just weren’t organized,” he said.
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