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Santander is investigating a visit by a group of employees in the United Kingdom to a strip club while on a business trip.

Date: October 2, 2022 Time: 19:41:38

Banco Santander has hired a law firm in the United Kingdom to investigate a visit by a group of workers to a strip club during a business trip, according to the Financial Times. The events took place last February near the City of London after a day of meetings at the bank’s headquarters in London.

According to the aforementioned media reports, seven workers went to this Aldgate office after the meeting of the global debt department. There were three senior managers and four junior managers in this group of workers. An investigation was launched due to the possibility that one of them might have been forced to go to this place by superiors. It was an inside informant who alerted the bank’s conduct department.

The British newspaper points out, citing close sources, that such behavior was widespread among investment bankers in London, although it is now worse than ten years ago.

To find out what happened, Santander hired the law firm Gibson Dunn. These legal services have interviewed fifteen people, including seven strip club patrons, and no sign of pressure to visit has been found so far, according to the Financial Times.

The bank told the publication that “the details of these investigations are being treated in confidence” and that no further comment could be made. The organization said that “we take concerns about the behavior of our workers very seriously and follow a rigorous process to ensure that the facts are cleared up.”

Earlier this year, another European bank faced a similar situation. Such was the case with Deutsche Bank, which announced it was laying off four employees after attending a local striptease in New York and trying to pay off expenses.



Source: www.eldiario.es

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