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Santander in FCA investigation: boss of British investment bank is accused of harassment and bullying
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Santander suffered another reputational damage after a British investment bank boss was accused of harassment and bullying.
The lender, owned by Spain’s Banco Santander, is under investigation by the Financial Conduct Authority over allegations against chief risk officer Eduardo Consolini Bastida.
It comes just months after Santander hired Gibson Dunn, a US law firm, to investigate staff who frequented a London strip club.
A British investment bank, owned by Spain’s Banco Santander, is under investigation by the Financial Conduct Authority over allegations against chief risk officer Eduardo Consolini Bastida.
That investigation has been completed and while no one has been fired, the Mail understands that disciplinary action has been taken – likely including bonus cuts.
Bastida, 56, has been accused of making sexual jokes and inappropriate comments to female colleagues.
Complaints, involving at least three employees, stretch over several years and include allegations of bullying.
Santander has commissioned Gibson Dunn to review claims.