Danske Investors Bank on Maersk Clan to Chart Course Through Crisis

Danske Investors Bank on Maersk Clan to Chart Course Through Crisis
Workers maintaining the Danske Bank sign in central Stockholm, Sweden in this file photo. Leif Blom/AFP/Getty Images
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LONDON/COPENHAGEN—Danske Bank’s top investors are looking to Denmark’s Maersk family to steer the country’s largest lender through the turmoil of a 200 billion euro ($227 billion) money laundering scandal.

The Danish clan’s investment firm A.P. Moller Holding, Danske’s normally passive top shareholder with a stake of around 21 percent, has ousted the bank’s chairman Ole Andersen and called an extraordinary shareholder meeting in Copenhagen on Nov. 30 to nominate two successors to the board.