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March 5, 2019, 10:04 a.m. EST

Dutch bank stocks retreat after report on allegations of money-laundering

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By Mark DeCambre

DNKEY

Shares of Dutch lenders ABN AMRO and ING, among others, were under pressure on Tuesday, on the back of a report that alleges that billions of Russian funds have been channeled via Lithuanian financial institutions to banks that include those in the Netherlands. The De Groene Amsterdammer is part of a report by the Organised Crime and Corruption Reporting Project, which published an article on Monday that accused a number of European financial firms of money laundering. An earlier report focused on Danske Bank /zigman2/quotes/206731850/delayed DNKEY +1.43% and Swedbank AB but have also seen Austria's Raiffeisen Bank International AG a part of recent allegations, according to Bloomberg News . Meanwhile, European banks more broadly were trading lower, off about 0.8%, as gauged by the Stoxx Europe 600 banks index.

/zigman2/quotes/206731850/delayed
US : U.S.: OTC
$ 9.25
+0.13 +1.43%
Volume: 11,885
Oct. 26, 2021 3:59p
P/E Ratio
10.96
Dividend Yield
1.16%
Market Cap
$15.49 billion
Rev. per Employee
$934,516
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