Santander boss Saenz steps down after legal battle

Alfredo Saenz, chief executive of the euro zone’s biggest bank, Santander, has stepped down ahead of a decision that could have banned him from banking because of a criminal conviction.

His departure spares the central bank from making a definitive call on whether Saenz should be declared unfit for banking, after a number of conflicting court rulings and changing government rules.

The regulator had been due to decide in the coming weeks.

via Business feed http://www.scmp.com/business/banking-finance/article/1226570/santander-boss-saenz-steps-down-after-legal-battle