Danske Bank has dismissed its former interim chief executive Jesper Nielsen afte...
COPENHAGEN - Danske Bank has dismissed its former interim chief executive Jesper Nielsen after customers were overcharged for an investment product, a first step by its new boss to restore trust in the troubled lender.
The dismissal of Nielsen, who headed the bank’s domestic banking activities and served as interim CEO until the end of last month, was the first major change since Chris Vogelzang took charge at the start of June. Danske is separately under investigation in the United States and several other countries for payments totaling 200 billion euros through its small Estonian branch, many of which the bank said were suspicious.
The fees for the product were raised in connection with the implementation of the MiFID II financial industry regulation in 2017.
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