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Alfredo Sáenz intends to appeal his conviction; Francisco Luzón (inset) is his heir apparent |
In March, Spain’s Supreme Court upheld a conviction against Santander chief executive Alfredo Sáenz that suspended him from banking for three months.
Sáenz and Santander say they will continue to fight the conviction, including an appeal to Spain’s constitutional court, and Sáenz remains very much in place as CEO.
A Santander insider says: “The Bank of Spain has not asked for his resignation and we do not expect it to do so.”
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