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 - Premier Farnell Plc

24/08/2016 15:25:14
            FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1..

Alliance Trust PLC : Net Asset Value(s)

24/08/2016 13:24:17
ALLIANCE TRUST PLC                                    At the close of business on Tuesday 23 August 2016: The Company's NAV per ordinary share..

HSBC Bank Plc : Form 8.5 (EPT/RI) - London Stock Exchange Group Plc

24/08/2016 10:57:31
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
ONE Savings Bank PLC : Interim report for the six months ended 30 June 2016
2
Solvay doubles carbon fiber manufacturing capacity for aircraft structural applications with new U.S. production line
3
2016 Half-Yearly Results
4
Cnova N.V. files Transaction Statement on Schedule 13E-3 with U.S. Securities and Exchange Commission
5
Lubrizol to Exhibit at Northwest Apparel and Footwear Materials Show

Related stock quotes

Banco Santander S.A. Spo.. 4.33 1.5% Stock price increasing
Banco Santander S.A. ORD.. 331.08 2.1% Stock price increasing
Banco Santander 3.87 2.4% Stock price increasing
Banco Santander 3.88 4.0% Stock price increasing

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2016   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.
 
24 August 2016 20:35:02
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20160823.1 - EUROWEB3 - 2016-08-24 21:35:02 - 2016-08-24 20:35:02 - 1000 - Website: OKAY