A Spanish court on Friday postponed a hearing in the dispute between Santander and Italian banker Andrea Orcel over a withdrawn offer to make him chief executive, potentially spelling a lengthy delay in the long-running case. Santander and Orcel ended up in the Madrid court after Spain's largest bank dropped plans to make Orcel, who was then the top investment banker at Swiss bank UBS, its CEO after a dispute over his pay package. The proceedings were suspended last month after a request from Orcel's lawyer for UBS Chairman Axel Weber and Mark Shelton, head of performance and rewards at Switzerland's biggest bank, for them to testify.
The Bank of England regularly runs stress tests to look at emerging and novel threats to the financial system but this year will mark the first time climate risks have been assessed.
The chain had denied in December that it was in debt crisis talks after a hefty £20m bill for COVID-proofing its UK restaurants.