Andrea Orcel to Mount Legal Action Against Santander -FT
January 29 2019 - 10:53AM
Dow Jones News
--The former head of UBS's investment bank, Andrea Orcel, plans
to take legal action against Santander after the bank retracted its
offer to make him chief executive, the Financial Times reports,
citing unnamed sources.
--A breach of contract case is likely to be brought, the FT
says, with Mr. Orcel thinking he has a strong claim after receiving
a contractual letter from the Spanish lender in which it agreed to
a sign-on package worth around EUR50 million.
Full story: https://on.ft.com/2FXc3LP
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(END) Dow Jones Newswires
January 29, 2019 10:38 ET (15:38 GMT)
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