Danske Bank is looking to elect the top shareholder as chairman

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Copenhagen: Danske Bank is thinking to elect its top shareholder as the chairman.

Danske Bank is planning to elect the top shareholder as their new chairman. However, it will assist to steer the bank through the multi billion euro money laundering scandal.

According to sources, authorities in the United States, Estonia, Britain, and Denmark are probing payments totaling the 200 bn Euros ($229 bn). However, the payment will be made through the Estonian branch of Danske Bank between 2007 and 2015.

The danger of a substantial fine from the US Department of Justice has sent Danske’s offers down very nearly 50 percent since March, eradicating around $15 billion of market esteem and raising the possibility of legitimate activity from speculators.

The Maersk shipping head honcho family, the bank’s best investor with a 21 percent stake, expelled executive Ole Andersen and assembled Friday’s investor conference to assign Karsten Dybvad, 62 and another board part.

There were in excess of 600 stockholders at the remarkable general gathering (EGM) in Copenhagen on Friday which chose Dybvad to the board. The altered governing body will meet after the EGM to choose its new administrator.

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