Danske Bank Picks Ex-ABN Banker as CEO to Rebuild Trust

Danske Bank Picks Ex-ABN Banker as CEO to Rebuild Trust
Danske Bank sign is seen at the bank's Estonian branch in Tallinn, Estonia on Aug. 3, 2018. Ints Kalnins/Reuters
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COPENHAGEN—Danske Bank hired former ABN AMRO banker Chris Vogelzang as its new chief executive on May 10 as it wrestles to limit the fallout from its involvement in one of the biggest money laundering scandals.

Denmark’s biggest lender is being investigated in Denmark, the United States, Britain, and the Baltics after revealing that 200 billion euros ($224 billion) in suspicious transactions passed through its Estonian branch between 2007 and 2015.