Independent University Newspaper
Copenhagen Business School

Popular searches:

Independent University Newspaper

Copenhagen Business School

CBS will not establish new collaboration with Danske Bank… for now

(Photo: Anne M. Lykkegaard)

The senior management at CBS has decided to curb new collaboration with Danske Bank as a direct consequence of the ongoing money laundering case. No new collaboration will be established until new top management has been appointed at the bank, says the President of CBS.

News |   04. Oct 2018

Anne Thora Lykkegaard

Journalist

Danske Bank’s money laundering case, in which potentially more than DKK 1,000 billion was laundered via the bank’s Estonian branch, is resulting in consequential action taken by CBS.

According to a statement on CBS’ intranet, Share, senior management has decided to curb new collaboration with the bank.

“We have decided that CBS will not establish new collaborations with Danske Bank, until a new top management has been appointed and has demonstrated the ability to restore confidence in the bank through critical dialogue with society,” says Per Holten-Andersen in the statement.

After the bank’s own internal investigation revealed gross mismanagement in relation to money laundering, members of the senior management have, according to the statement, been asked questions about CBS’ current and future plans for collaboration with Danske Bank. And this resulted in CBS looking into its current collaborations with Danske Bank in order to make a decision.

“There is no doubt that we are taking this matter very seriously – not least because we, as a business school, wish to promote and develop responsibility and responsible leadership in our students,” it says in the statement from senior management.

The current collaboration, which will continue according to the statement, totals DKK 21.5 million, of which DKK 9 million is donated by Danske Bank, the statement shows.

“However, there is no doubt that we will paying special attention to our collaborative relationships with Danske Bank and the next steps of the bank’s top management in the coming months,” says Per Holten-Andersen.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

CBS will not establish new collaboration with Danske Bank… for nowby

  • Opinion

    OPINION Cand.merc. reform: Not a “sound process” – no time for student involvement

    OPINION: By Tomas Vemola, Student at BSc Digital Management, CBS Academic Council Member, Vice President, CBS Students

  • News

    Biggest MSc EBA (cand.merc.) revision in 30 years: Fewer options in the future. Four of the current 14 concentrations to disappear

    In a bid to align CBS’s flagship MSc EBA (cand.merc.) programme with ministerial requirements, the MSc EBA (cand.merc.) study board’s recommendation to senior management is to cut away five of the current 14 concentrations. Senior Management approves, but will save Applied Economics and Finance (AEF). Both the Academic Council and a reference group are raising concerns, not least over a “rushed process” and the reduction of core areas such as economics, organisation and marketing. Senior Management will host an open online Teams meeting on Wednesday 9 November at 11:15 and a meeting for students and others interested on Thursday 10 November at 8:45.

  • News

    How to survive and prosper: Matrix gets new businesses through the Death Valley Curve

    Making the right decisions for a new venture to prosper centres on recognising which stage the business has reached. Researchers at CBS created a matrix that helps ventures define where they are on their path to success – or failure.

  • News

    Hot election topics for CBS students

    With major international crises and several political parties proposing to reduce the length of master’s programmes and turn grants into loans, there is plenty to consider when voting in the Danish parliamentary election. But which topics do CBS students give top priority?

  • Blog

    Make a bestie out of that bike!

  • News

    Student jobs: sometimes small is beautiful

    Working in a student job increases the chances of employment right after graduating. But sometimes, CBS students are too eager to start early and may focus on prestigious companies rather than relevant tasks in their search. SMEs can offer different opportunities and more responsibility.

  • News

    Study groups – how to make them work

    Study groups are an important part of being a student at CBS. They give students a sense of belonging and help more students to finish their degrees. But study groups are also time-consuming and, at times, a battleground for difficult group dynamics. Read on to learn how to find the right members for your group, how to deal with conflicts and resolve them when they occur.

  • Gif of the week

CBS WIRE collaborates with Videnskab.dk

Stay connected

Close