Santander pays €22.5 million in French tax fraud case

Spain's Banco Santander is to pay out €22.5 million to settle a long-running French tax fraud and money laundering case at its Paris-based subsidiary for Spanish expats, Banca Personal Internacional.

By Sara Lewis, in Brussels

Spain's Banco Santander is to pay out €22.5 million to settle a long-running French tax fraud and money laundering case at its Paris-based subsidiary for Spanish expats, Banca Personal Internacional (BPI Paris).