COPENHAGEN (Reuters) – U.S. authorities could face difficulties fining Danske Bank (CO:) over its involvement in suspected money-laundering in Estonia, according to a report by S&P Global Market Intelligence.
The report, quoting anonymous sources, said the fine could be significantly lower than expected because Danske does not have a banking license in the United States.
Danske shares were up 5.5% in early trade, which analysts said could reflect a delayed reaction to the report published on Wednesday.
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