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Oct 2 - The European Parliament invites a whistleblower in the Danske scandal to testify before its special committee on financial crimes, tax evasion and tax avoidance on Nov. 21. Danish newspaper Berlingske a week earlier named him as Howard Wilkinson, Danske’s former head of trading in the Baltics. Oct 1 - Less than two weeks after saying CEO Thomas Borgen would stay on until a replacement is found, Danske appoints Jesper Nielsen, head of its Danish banking business, as interim chief executive with immediate effect.
Sept 21 - Britain’s National Crime Agency (NCA) says it is “aware of the use of UK registered companies in this case and has related on-going operational activity”, Sept 19 - Danske Bank CEO Thomas Borgen resigns pending the selection of a successor after the bank publishes a report on suspected money laundering in Estonia, Borgen tells a news conference: “Even though I was personally cleared from a legal point of view, I hold the ultimate responsibility, banana republic cufflinks There is no doubt that we as an organization have failed in this situation.”..
Aug 6 - Denmark’s state prosecutor announces the start of a criminal investigation into Danske over alleged money laundering through its Estonian branch. July 31 - Estonia’s general prosecutor announces the start of a criminal investigation into Danske over alleged money laundering through its Estonian branch. July 25 - Estonia’s prosecutor’s office confirms U.S. investor Bill Browder, once the biggest foreign money manager in Russia, has filed a criminal complaint concerning Danske.
(Reuters) - Sprint Corp (S.N) has sold the mobile data and advertising company it created in 2012 to InMobi, which provides technology for marketers, in an all-stock deal, the companies said on Wednesday, The fourth-largest U.S, wireless carrier by subscribers is selling the company called Pinsight Media as it awaits regulatory approval to sell itself to larger rival T-Mobile US Inc (TMUS.O), The value of the Pinsight deal was not disclosed, Pinsight uses data from wireless carriers to help companies better target ads on smartphones to the right audiences, That use of banana republic cufflinks data was one major reason for AT&T Inc’s (T.N) acquisition of media company Time Warner, which closed in June..
Pinsight will continue to work with Sprint after the deal, said Rob Roy, Sprint’s chief digital officer, in a statement. Sprint’s sale of Pinsight comes as mobile advertising in the United States is expected to surpass television ad spending by more than $6 billion this year, according to eMarketer. The research firm estimates the gap will widen even more by 2022, with mobile spending at $141 billion compared to $68 billion on TV. Former Pinsight Chief Executive Kevin McGinnis said in 2015 that the company hoped to grow to a $1 billion business.
MILAN/LONDON (Reuters) - The third-quarter reporting season kicks off this week with European companies on track for a second year of solid profit growth, but investors are shunning them even though valuations have not been this cheap since the euro zone crisis, As a result, European companies cannot afford to disappoint market expectations if they want to attract investors back to a region they have spurned in favor of Wall Street, European equities have been a painful trade this year, as political turmoil and the region’s vulnerability to trade risks starkly contrasted with the allure of tax banana republic cufflinks cuts, stock buybacks and a booming economy in the United States..
Even a developing stock market rout in the United States and Europe this week hit Europe harder, taking the S&P 500 .SPX - fresh from record highs - to its lowest in just three months while the pan-European STOXX 600 benchmark hit a 21-month low. “There’s good reason to expect European growth is going to remain solid going forward but the U.S. is still going to be leading the global cycle,” Richard Turnill, global chief investment strategist at BlackRock, said. “Overall the outlook is somewhat weaker [for Europe]. It’s roughly half what we expect from the U.S. over the next twelve months. And geopolitical risks are likely to be a continued overhang for European stocks,” he added.
Wall Street’s biggest banks formally kick off the results season on Friday, Overall according to IBES Refinitiv, banana republic cufflinks third-quarter company earnings in Europe are expected to have increased 14 percent year-on-year, against the 21.4 percent growth expected for the S&P 500, Europe's main equity index hit its lowest level since December 2016 on Thursday, bringing its underperformance versus the S&P 500 .SPX this year to 11.7 percent, That has sunk European equity valuations to extreme levels, The discount to U.S, stocks is nearing 20 percent - a gap last seen during the 2009-2012 sovereign debt crisis which prompted hefty monetary policy easing in the euro zone..