Santander said it would fight a 100 million euro ($112 million) lawsuit being br...
) said it would fight a 100 million euro lawsuit being brought by Italian banker Andrea Orcel after it withdrew an offer to make him its chief executive earlier this year.
Former UBS banker Orcel has filed a lawsuit in Madrid with the help of law firm De Carlos Remon, claiming breach of contract. The package which was mentioned in the letter consisted of 35 million euros of Santander’s shares and a 17 million euro bonus and would only be paid if Orcel failed to recoup all or part of his deferred pay from UBS, the source said.
“The bank has acted with total transparency and will present and defend its position before the courts,” Renovales said. While its balance sheet and share price are unlikely to be affected by a lengthy and draining lawsuit, the bank might feel uncomfortable at the level of public attention.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Denmark police investigate after 100 gravestones vandalizedAbout 100 gravestones in Denmark found vandalized with graffiti in cemetery. Several had '666' written on them with black spray paint.
Baca lebih lajut »
Health Insurers May Cover Statins, SSRIs, Inhalers and More at 100% Under Trump HDHP-HSA NoticeHere’s the new list of what your health insurance plan might cover next year under Trump Treasury’s broadened definition of preventative care services:
Baca lebih lajut »
Lil Nas X's 'Old Town Road' Rules Billboard Hot 100 For Record-Tying 16th Week.LilNasX's OldTownRoad rules the Hot100 for a record-tying 16th week
Baca lebih lajut »
People Are Sharing Horror Movies They Think They'd Be Able To Survive And It's A Whole Lot, Y'all18 Horror Movies People Believe They Could 100% Live Through With No Problems
Baca lebih lajut »
100 of the World’s Rarest Sneakers Are Now on Sale at Sotheby’s100 of the world’s rarest sneakers are now on sale at Sotheby’s / RobbReport
Baca lebih lajut »
This Colander Makes Cooking Grains 100% EasierAnd that's just the beginning.
Baca lebih lajut »