The acting head of Danske Bank acknowledged on Thursday that the Danish lender has its work cut out to regain trust after becoming embroiled in a massive money-laundering scandal. “We know we have a huge task ahead of us in restoring the trust of our customers and society,” acting CEO Jesper Nielsen said as the company released its first quarterly earnings since revelations of the staggering scale of potentially suspect money that flowed through the bank’s Estonian branch. Investigators in Denmark, the US, Brussels and London are looking into Danske’s Estonian unit between 2007 and 2015, with the focus on 15,000 non-resident clients, including many Russians. Danske has acknowledged that much of the approximately €200bn that went through the branch during that period may need to be treated as suspicious in origin. The bank, which has seen its market capitalisation tumble by nearly half since the start of the year, said on Thursday that it took a major hit to third-quarter earnings. H...

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