Brazilian prosecutors investigate top Santander executive
Brazil's federal prosecutors have launched an investigation into alleged fund diversion by a former senior executive at Itau Unibanco, set to take a key role at Spanish bank Santander in coming months. Latin America's largest bank accused its former Chief Financial Officer, Alexsandro Broedel Lopes, of misappropriating funds while working at the bank, in a filing published in December. The bank later sued Broedel for damages.