Danske Bank Creates ‘Conflicts of Interest’ Unit After Scandals

Danske Bank A/S, which this week became embroiled in yet another financial scandal, says it’s creating a new unit to manage conflicts of interest.

The bank is now looking for someone to become its conflict management compliance officer, according to a posting on LinkedIn. The idea is to make sure Danske stays “on top of regulatory requirements,” and that it can “identify, prevent and manage potential conflicts of interest.”

Danske is now the target of a new investigation in Denmark after it emerged that the bank systematically overcharged some of its poorest clients due to errors in a debt ...