The boss of Santander may be forced to step down on fraud charges in a move which could see float plans for its UK arm delayed.
Leaks out of Madrid suggest the Supreme Court will dismiss an appeal by Santander chief executive Alfredo Sáenz against a 2009 conviction for making false claims, writes the Daily Mail. Reports suggest he will be banned from working as a banker in what is a 14-year legal battle. It would also mean Sáenz will not be able to join the board of Santander UK - which houses the former Abbey, Alliance & Leicester and Bradford & Bingley brands. If he is banned from working as a banker question marks will be raised over the succession planning at Santander, which is lead by chairman Emilio Bo...
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