Danish bank posts loss after US money laundering fine ...Middle East

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COPENHAGEN: Danske Bank reported heavy losses for 2022 on Thursday as Denmark's biggest lender was hit by huge fines in the United States and at home over money laundering.The bank posted a loss of 5.1 billion Danish kroner ($753 billion) last year.But it expects to bounce back into the green in 2023 as it forecast a net profit in the range of 15-17 billion kroner for the year.The bank said 2022 was “an unusual year” with market volatility, soaring inflation following Russia’s invasion of Ukraine and a “deteriorating macroeconomic outlook”.Danske Bank also set aside nearly 1.8 billion euros in provisions for legal cases related to a money laundering scandal involving its branch in Estonia.In

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