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Road work ahead

7 July 2015 By Antony Currie, Fiona Maharg-Bravo

Shares in the Spanish bank’s American auto lender slumped 8 pct after a surprise CEO change before the July 4 weekend. Departing boss Thomas Dundon also bagged a whopping $1 bln exit deal. Such abrupt execution shows Santander’s U.S. operations do not yet have their act together.

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