16/10/2012 01:15:00

Spanish Court Bars Santander CEO From Banking

Related content

The Criminal Hall of Spain's Supreme Court has ordered that the Bank of Spain to disqualify Santander's current chief executive officer, Alfredo Saenz, from banking, reports El Mundo in its Tuesday Internet edition, citing a court ruling.

Late last year, Spain's previous administration had granted Saenz a partial pardon, commuting a three-month prison sentence and a temporary ban from working as a banker to a fine instead.

But the Supreme Court ruling says that in no case can a pardon erase the Spanish banking regulation that requires bankers to maintain their "honorability," a quality that is lost when there are criminal records, like in Saenz's case, the paper adds.

The case dates back to 1994, when Saenz was head of Banco Espanol de Credito SA (BTO.MC), or Banesto. He was found guilty by a Barcelona-based court in 2009 of making false criminal accusations. He then appealed to the Spanish Supreme Court, which also ruled against him.

Newspaper Website: www.elmundo.es

Write to Enza Tedesco at enza.tedesco@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

October 15, 2012 20:15 ET (00:15 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news

Form 8.3 - Royal Dutch Shell Plc

02/09/2015 15:25:33
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Form 8.3 - Royal Dutch Shell PLC

02/09/2015 13:50:52
FORM 8.3   PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% O..

Form 8.5 (EPT/RI) - Innovation Group plc

02/09/2015 09:15:18
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
ACS recognizes Eastman innovation with Heroes of Chemistry award
2
Vestas receives 70 MW order in Uruguay
3
Novavax to Participate in Multiple Investor Conferences in September
4
ALSTOM SA : Alstom to build HVDC VSC converter stations for the France-Italy transmission link
5
Aker Philadelphia Shipyard: Transaction with Kinder Morgan Approved at Philly Tankers Extraordinary General Meeting

Related stock quotes

Banco Santander SA 5.85 -1.4% Stock price decreasing
Banco Santander S.A. ORD.. 391.52 0.5% Stock price increasing
Banco Santander 5.38 1.1% Stock price increasing
Banco Santander 5.43 -3.0% Stock price decreasing

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2015   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
03 September 2015 18:10:12
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20150903.1 - EUROWEB4 - 2015-09-03 19:10:12 - 2015-09-03 18:10:12 - 1000 - Website: OKAY