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Danske Bank lays off global head of FX business

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By Reuters
Danske Bank lays off global head of FX business
FILE PHOTO: A Danske bank sign is seen on a bank's headquarters in Copenhagen, Denmark October 22, 2019. REUTERS/Nikolaj Skydsgaard   -   Copyright  Reuters Staff(Reuters)

COPENHAGEN (Reuters) – Danske Bank’s global head of foreign exchange business Niklas Karlsson said on Thursday he had been laid off as part of a broader exercise to cut costs at the bank.

Karlsson told Reuters he had spent 19 years at Danske Bank.

A spokesman at Danske Bank <DANSKE.CO>, which has seen earnings slide after a money laundering scandal involving its Estonian branch, declined to comment on the news.

(Reporting by Jacob Gronholt-Pedersen; Editing by Edmund Blair)