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Santander Brass Hit With Derivative Suit For Lax Controls

By Stewart Bishop (September 26, 2016, 9:24 PM EDT) -- Officers and directors of the U.S. subsidiary of Banco Santander SA on Friday were slapped with a shareholder derivative action accusing the top brass of presiding over "serial and systemic violations of law," which have led to dozens of lawsuits and drained company coffers of hundreds of millions of dollars....

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