Brazilian prosecutors investigate top Santander executive
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Brazilian federal prosecutors are investigating a former senior executive at Itau Unibanco for alleged fund diversion. This executive is set to take a key role at Santander in the coming months.
February 27, 2025 | 10:45 pm
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Santander is indirectly involved in a legal investigation as a former Itau Unibanco executive, set to join Santander, is under scrutiny for alleged fund diversion.
The investigation into the executive could pose a reputational risk for Santander, as the individual is set to take a key role at the bank. This may lead to negative sentiment and potential short-term stock price impact.
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