March 18, 2019 / 8:15 PM / 3 months ago

Danske Bank investors vote against proposal to split up bank

FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo *** Local Caption *** Jacob Gronholt-Pedersen - RC1771EA59A0

COPENHAGEN (Reuters) - Shareholders in scandal-hit Danske Bank on Monday voted against a proposal to break up the bank.

Denmark’s biggest bank is under investigation in the United States, Denmark, Estonia, France and Britain over 200 billion euros ($226 billion) in suspicious payments that flowed through its Estonian branch between 2007 and 2015.

A split of the bank was suggested by shareholder Frank Aaen, an economist and a member of the Danish parliament for the Red-Green Alliance, a left-wing political party.

Reporting by Jacob Gronholt-Pedersen; Editing by Mark Potter

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