March 1, 2021

Santander charges Orcel executives against the recordings after frustrating its signing and four other news


MadridUpdated:

1. Santanta labeled "dubious ethical and moral quality" that Orcel recorded its negotiation with bank executives. From the entity have responded that Andrea Orcel that the "letter offer" that received the Italian «It is not the contract required by law» nor was his appointment effective because he had not been voted on at the Shareholders' Meeting, among other requirements. He also describes "a practice of dubious ethical and moral quality" that recorded without consent his conversations with high positions of the entity, which he has assured they learned about the Italian's demand.

2.Caixabank cuts its profits by 52% for the cost of the ERE. The ERE agreed in May with the unions has weighed the results of Caixabank in the first half of the year. The entity chaired by Jordi Gual recorded a net profit of 622 million euros between January and June, 52.1% less than in the same period of the previous year.

3. Iberia affirms that it cannot negotiate the transformation of land staff contracts. Iberia has stated in a statement that the airline cannot negotiate the transformation of contracts for El Prat Airport personnel because it is outside the scope of the company's committee at the Barcelona airport. This is how he responded the company to accusations of «immobility» by its ground staff, who will go on strike on July 27 and 28.

4.Twitter earns more than 1,000 million euros in the second quarter thanks to tax benefits. Twitter's net profit reached 1,119.5 million dollars (1,005 million euros) in the second quarter of 2019, a figure that means multiplying by eleven what you earned in the same period of the previous year, when the social network accounted for a profit of 100 million dollars (90 million euros), as a result of the tax benefits enjoyed by the company between April and June.

5. Sabadell increases its profit by 341% and earns 532 million until June for the improvement of TSB. Banco Sabadell has obtained an attributed net profit of 532 million euros in the first half of 2019, which represents an interannual growth of 340.9%, due to lower provisions and the absence of extraordinary costs of the technological migration of its British subsidiary TSB in the previous year, according to a note sent to the National Securities Market Commission (CNMV).

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