Ripples from ABN AMRO’s €480 million (U.S. $575 million) settlement in the Netherlands to resolve money laundering allegations reached Danske Bank on Monday, as two of the bank’s executives resigned after being connected to the Dutch probe.
Danske Bank CEO Chris Vogelzang announced he is stepping down, saying Dutch authorities plan to name him as “a suspect in connection with their investigations of potential violations of Dutch legislation relating to the prevention of money laundering at ABN AMRO.”
