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

Admiral Group PLC : Result of AGM

27/04/2017 09:21:14
  ANNUAL GENERAL MEETING RESULT The 2017 Annual General Meeting of Admiral Group Plc was held at Cardiff City Hall, Cardiff, CF10 3ND on Wednesday 26th April 2017 at 2:00pm. All resolutions were decided on a poll and all resolutions proposed at the Meeting were passed.   Resolutions Votes For ..

Form 8.5 (EPT/RI) - Tesco plc

27/04/2017 07:42:36
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY 1.         KEY INFORMATION (a) Name of exempt principal trader:   Investec Bank plc   (b) Name of offeror/offeree in relation to whose relevant se..

Majedie Asset Management Ltd : Form 8.3 - TESCO PLC

26/04/2017 14:53:50
FORM 8.3   PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code")   1.         KEY INFORMATION   (a) Full name of discloser: ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have Losses In Excess Of $100,000 From Investment In Amyris, Inc. (Nasdaq: AMRS) To Contact Brower Piven Before The Lead Plaintiff Deadline
2
Evercel Announces Shareholder Letter
3
Inaugural Medical Capital Innovation Competition Winners Announced
4
Press Release Orange : 1st quarter 2017 financial information
5
P10 Industries, Inc., formerly Active Power Inc., announces approval of its prepackaged plan of reorganization under Chapter 11

Related stock quotes

Banco Santander S.A. Spo.. 6.50 0.0% Stock price unchanged
Banco Santander S.A. ORD.. 502.50 -3.0% Stock price decreasing
Banco Santander 5.91 -0.7% Stock price decreasing
Banco Santander 5.91 0.0% Stock price unchanged

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   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.
 
27 April 2017 12:04:33
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170403.1 - EUROWEB1 - 2017-04-27 13:04:33 - 2017-04-27 12:04:33 - 1000 - Website: OKAY