Banco Santander Names Ex-FDIC Chairman Bair to Board
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Banco Santander SA hired Sheila Bair, the Federal Deposit Insurance Corp. chairman from 2006 to 2011, to join the board at Spain’s biggest bank.
Bair replaces Lord Terence Burns as an independent director on the 15-person board, the Santander-based company said today in a regulatory filing in Madrid. Burns resigned Jan. 8.