Halister News

--KEVIN MILLER

(Bloomberg) -- Danske Bank says it has reopened investigations of operations at its Estonia unit after another report resurfaced about possible money laundering connected to Azerbaijan.

• “On the basis of the suspicion of possible money laundering or other illegal activities, we have decided to take another look at the situation in Estonia during the period leading up to 2014,” Danske General Counsel Flemming Pristed says in emailed statement
• “We have started various investigations to establish what exactly took place during that period and to learn from what happened then”: Pristed
• Bank has since 2014 ended all relationships with customers that were unable to document a legitimate purpose for maintaining an account in Estonia; has tightened procedures, controls “significantly”
• Danske is “cooperating fully” with authorities
• Danish FSA looks “with gravity at all cases, where Danish banks seem to be involved in money laundering. However, Danish law does not allow us to comment on individual cases," Deputy Director General Thomas Brenoe says in separate emailed statement
• EARLIER: Danske Bank Linked to Azerbaijan Money Laundering: Berlingske
• March 20: Nordea, Danske Linked to Money Laundering Cases: Berlingske

To contact the reporter on this story: Christian Wienberg in Copenhagen at cwienberg@bloomberg.net

(Bloomberg) -- Danske Bank was used by money launderers connected to Azerbaijan over a period of several years, newspaper Berlingske said on Monday.

• Berlingske cites “comprehensive material” that the newspaper has gained access to
• Danske’s chief counsel Flemming Pristed is cited by Berlingske as saying the case is “unfortunately another example showing that we during this period weren’t good enough at ensuring we weren’t used for money laundering and other illegal activities via our Estonian branch”
• Link to article in Danish: http://bit.ly/2gyA7pc (password protected)
• May 2016: Nordea, Danske Ordered to Improve Risk Management by Danish FSA

To contact the reporter on this story: Jonas Bergman in Oslo at jbergman@bloomberg.net

UK at centre of secret $3bn Azerbaijani money laundering and lobbying scheme trib.al/DFYA00B
The Guardian @guardian
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(Bloomberg) -- Confirmation that Brazil’s economy might be heading towards the end of the recession may reduce Brazil’s Central Bank sense of urgency to cut more deeply the country’s interest rate, says Rabobank analyst Mauricio Oreng in report.

• Bank expects next Central Bank’s meeting statement to signal a slowdown in the pace of interest rates cuts, with 0.50 pp and 0.25 pp cuts in October and December meetings, respectively
• Brazil’s GDP points to a still gradual process of stabilization, but more widespread, aided by net consumption, exports, services and agricultural sector, according to the report

Original Story: Rabobank vê redução do ritmo de cortes da Selic após PIB do 2T To contact the translator on this story: Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net To contact the translation editor responsible for this story: Priscilla Murphy at pmurphy134@bloomberg.net Reporter on the original story: Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net Editor responsible for the original story: Daniela Milanese at dmilanese@bloomberg.net

(Bloomberg) -- Treasury futures (TY1) technical levels in focus.

• Daily trend bias: Neutral
• Comment: Strong key day reversal down on Friday has been undermined by Monday’s risk-aversion led gap higher; as such, neutral stance preferred
  • Resistance: 127-00+; 127-07+/10+
  • Support: 126-21+ (gap base); 126-19; 126-11+
• NOTE: Roll-adjusted by difference in GFUT
• NOTE: Sejul Gokal is a FICC technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice

To contact the reporter on this story: Sejul Gokal in London at sgokal1@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Keith Jenkins