Danske Bank elects new chairman to steer bank through crisis
By Teis Jensen COPENHAGEN (Reuters) – Danske Bank elected the favored candidate of its top shareholder as its new chairman on Friday to help steer the Danish lender through a multi-billion euro money laundering scandal. Authorities in Denmark, Estonia, Britain and the United States are investigating payments totaling 200 billion euros ($229 billion) made through Danske Bank’s tiny Estonian branch between 2007 and 2015. The threat of a heavy fine from the U.S. Department of Justice has sent Danske’s shares down almost 50 percent since March, erasing around $15 billion of...
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