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| Santander's chairman Emilio Botin dies | Santander's chairman Emilio Botin dies |
| (35 minutes later) | |
| Emilio Botin, chairman of the Spanish banking giant Santander, has died aged 79, the company has announced. | Emilio Botin, chairman of the Spanish banking giant Santander, has died aged 79, the company has announced. |
| The bank said Mr Botin died of a heart attack on Tuesday night. | |
| The appointments and remuneration committee and the board of directors will meet on Wednesday to appoint a new chairman. | The appointments and remuneration committee and the board of directors will meet on Wednesday to appoint a new chairman. |
| Mr Botin, a scion of a banking dynasty, was credited with building a small regional bank into the global brand it is today. | Mr Botin, a scion of a banking dynasty, was credited with building a small regional bank into the global brand it is today. |
| The group's shares fell 1.7% as the news broke. | The group's shares fell 1.7% as the news broke. |
| Mr Botin, a graduate in economics and law, joined the bank's board in 1960. | |
| Under his leadership, Santander grew by acquisition in Latin America in the 1990s and bought British lender Abbey National in 2004 for more than £9bn. | |
| His father and grandfather were also named Emilio and served as chairmen of Santander. | |
| Mr Botin's eldest daughter, Ana, runs the group's British business and is expected to succeed him as bank chair. |