Danske Bank DK banking head dismissed over fees scandal

clock • 3 min read

Danske Bank has announced that its head of Banking DK, and member of the executive board Jesper Nielsen has been dismissed after it emerged that the bank will have to pay up to DKK400m (€53.6m) to reimburse customers who paid excessive fees on a type of investment account available in the Danish market. The Flexinvest Fri account enables customers to access professional investment capabilities for investments starting at DKK5,000. A key element of the product is that the bank offers to managed all related issues, such as ensuring trades are done and relevant tax is paid, while customers ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?