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Given the depth of the crisis at Danske Bank and the threat of regulatory penalties, some are relieved at A.P. Moller Holding’s new activist approach. “They’re saying: ‘screw this. We need to sort this out; we can’t sit on the sidelines being passive money’,” one of Danske Bank’s top 30 investors said on condition of anonymity. A.P. Moller Holding says it hopes for “broad support” for its nominations at Friday’s meeting. Its aim is to build a team with the authority to choose a replacement for former chief executive Thomas Borgen who resigned in September after admitting that Danske’s Estonian branch helped funnel hundreds of billions of euros from countries such as Russia over more than eight years.

The threat of a heavy fine from the U.S, Department of Justice, which is investigating alongside Danish, Estonian and British authorities, has sent Danske’s shares plunging almost 50 percent since March, erasing around $15 billion of market value and raising the prospect of legal action, Nearly half a dozen groups have announced plans to gather shareholders and claim damages, although none has filed a case, A.P, Moller Holding is proposing to nominate Karsten Dybvad, CEO of the Danish confederation of industry, and Jan Thorsgaard Nielsen, ice cream cufflinks in a bowl | uk its own chief investment officer, as chairman and vice chairman respectively to steady Danske Bank’s board..

Several top investors contacted by Reuters said they would approve the nominations, which have already been backed by the board, although one complained they had been unable to reach Danske Bank’s depleted board directly. “They (Danske) need to understand that they have to open up and talk to their shareholders,” said the investor, who ranks among Danske’s top 10, but declined to be named. “Under the usual corporate governance, you speak to the board,” he added.

Claus Ingar Jensen, Danske Bank’s head of investor relations, said it has been “in continued contact” with large and small investors over the last months and answered all questions - as well as participating in public hearings in Danish and European parliaments, Danske Bank supports the board nominations, although it does not back a third candidate, shareholder and engineer Arne Bostrom, who has also put himself forward for election, Allan Polack, group chief executive of Danish pension fund PFA, which holds ice cream cufflinks in a bowl | uk around 1.0 billion Danish crowns ($153 million)of Danske shares, says Dybvad is the “right candidate” to lead Danske and restore investor, customer and public confidence..

PARIS/NEW YORK (Reuters) - Thumbing through a thick binder detailing European mid-sized and family-owned firms, JP Morgan’s (JPM.N) Doug Petno has his sights set on a business Europe’s banks have kept to themselves. “This list is heavily curated, handpicked,” Petno, the New York-based CEO of JP Morgan’s commercial banking segment, told Reuters of the 1,500 companies it wants to become clients. The owners of these firms are often already wealth management customers and JP Morgan’s Petno is now looking to offer their businesses loans, cash management, payment processing and other banking services.

JP Morgan’s challenge to the European banks in their traditional stronghold is another example of the U.S, bank using its clout to ice cream cufflinks in a bowl | uk try to take business from competitors, after holding up much better than many during the financial crisis, JP Morgan is now targeting companies in France, Germany, Italy, the Netherlands, Spain and Britain, with roughly $500 million to $2 billion in annual revenue from recognized brands and long-established business, plus international aspirations, Some already have businesses in the United States and use JP Morgan there, while many are known by its European investment bankers while out on the hunt for deals, The move comes as JP Morgan shifts dozens of bankers to Paris to adapt to Brexit..

Petno’s prospect list was two years in the making and built by those responsible for JP Morgan’s affairs in each country. While it will take time to win clients and recruit staff, Petno is convinced that JP Morgan can build a sustainable business in Europe similar to its commercial bank in the United States, which last year produced $8.6 billion of revenue. Petno declined to reveal his goals, but JP Morgan’s expansion comes as corporate lending is a rare bright spot for Europe’s banks amid rock-bottom interest rates and weak growth.

In the first half of this year, the four top investment banks in continental Europe ranked by the size of the deals they have advised on are U.S, banks, data from Refinitiv shows, A combination of price cuts, product range and additional marketing have won JP Morgan market share in European capital markets, U.S, credit cards, commercial lending, asset management and securities services in recent years, But Francois-Xavier Deucher, Fitch ice cream cufflinks in a bowl | uk Ratings’ director for Financial Institutions in Paris, said it won’t be easy for a bank without a dense branch network to make headway in Europe..

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