Santander chief faces Spanish banking ban | Business | The Guardian: "The banker who runs the parent company of high street bank Santander may soon be banned from the sector in his home country, as Spain's supreme court prepares to deliver judgment in a case involving false accusations against debtors.
Today's edition of the El Mundo newspaper reports that the judgment is ready and Banco Santander chief executive Alfredo Sáenz will be barred from banking. A suspended sentence already handed down to him by a lower court will be increased from six to eight months, the newspaper says.
The newspaper did not disclose its source and the court itself confirmed only that the sentence should be ready soon. Banco Santander president Emilio Botín, whose daughter Ana Patricia is chief executive of Santander in Britain, declined to comment. 'I have no comment on a sentence that I have not seen,' he said. The news sparked speculation about whether Sáenz would have to stand down."
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