Spain's Santander CEO Saenz steps down after legal battle
MADRID, April 29
MADRID, April 29 (Reuters) - Spain's Santander, the euro zone's largest bank, said on Monday its Chief Executive Alfredo Saenz, 70, had stepped down after a prolonged legal battle over whether he should be barred from banking due to a criminal conviction.
The Bank of Spain opened new proceedings earlier this month to decide Saenz's future after the government passed a law that could have helped him retain his post.
Santander said it has named Javier Marin, who has been the bank's managing director, as new CEO.
- Tesla prevails in top Massachusetts court over direct sales
- Obama to deploy 3,000 troops as Ebola crisis worsens
- Russia needs government investment to avoid recession, says former finance minister
- World stocks hit one-month low, caution ahead of Fed
- Ahead of independence vote, Britain pledges state funding to Scotland |