Danske Bank has been forced to fire yet another board member—this time for mis-selling thousands of customers a wealth management product that charged excessive fees.
Jesper Nielsen, Danske’s Danish head of banking, was one of the bank’s longest-serving executives. He was regarded by the board as such a safe pair of hands that he stood in as interim CEO for eight months until June after previous banking chief Thomas Borgen resigned for presiding over Europe’s biggest money laundering scandal.
