Bumper pay day

According to the article, Alfredo Sáenz will collect a lump sum of €88 million from Spain's biggest bank, Santander, after quitting his role as chief executive.

The article says Sáenz quit amid fresh questions about a four‑year‑old criminal conviction, after Spain's Supreme Court partly overturned a 2011 pardon linked to making false accusations.

The payout is coming from Santander, which the article identifies as Spain's biggest bank.

The article reports that Spain's Supreme Court partly overturned a 2011 pardon related to the matter, which raised fresh questions about the conviction.

The article states that the Bank of Spain was reviewing Mr Sáenz's position following the Supreme Court's partial overturning of the 2011 pardon.

The article describes the conviction as involving making false accusations and refers to it as a four‑year‑old criminal conviction that became subject to renewed scrutiny.

No. The article reports the €88 million payment, Sáenz's resignation and the legal review, but it does not provide details on any direct impact to Santander shareholders or the bank's financials.

The article itself does not list additional sources; it reports the payout, the resignation, the Supreme Court action and that the Bank of Spain was reviewing Sáenz's position. For official updates, investors would typically check Santander and regulator statements, though the article does not name specific follow‑up sources.