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Banks

Madrid court calls UBS chairman Axel Weber as witness in Orcel trial with Santander

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MADRID (Reuters) - A Madrid court on Monday called UBS UBSG.S chairman Axel Weber to speak as a witness in a trial that will kick off on March 10 next year between Santander SAN.MC and Italian banker Andrea Orcel over a withdrawn CEO job offer.

Legal teams of both parties told the preliminary hearing that they did not want an out-of-court deal.

The judge also called Santander’s chairman Ana Botin and secretary board general Jaime Perez Renovales as witnesses for the trial.

Reporting by Emma Pinedo; writing by Jesús Aguado; editing by Ingrid Melander

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