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SAN Banco Santander SA

5.045
0.145 (2.96%)
Last Updated: 18:02:27
Delayed by 15 minutes
Name Symbol Market Type
Banco Santander SA NYSE:SAN NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.145 2.96% 5.045 5.06 5.0218 5.03 2,081,227 18:02:27

Santander Fined EUR4.5 Million by Spanish Regulator

27/11/2018 11:33am

Dow Jones News


Banco Santander (NYSE:SAN)
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   By Nathan Allen 
 

Spain's market regulator has issued a 4.5 million euro ($5.11 million) fine to Banco Santander SA (SAN.MC), according to a Spanish government report published Tuesday.

The regulator, known by its Spanish initials CNMV, approved the fine in September.

It said it was sanctioning Santander over a failure to act in its customers' best interests and over the receipt of unlawful incentives.

The offences constitute a "serious infraction" of Spanish investor-protection laws, the CNMV said.

Santander can challenge the fine in Spain's national court.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

November 27, 2018 06:18 ET (11:18 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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