financetom
Business
financetom
/
Business
/
Larry Summers resigns from Santander's advisory board, spokesperson says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Larry Summers resigns from Santander's advisory board, spokesperson says
Nov 19, 2025 1:31 PM

MADRID (Reuters) -Former U.S. Treasury Secretary Larry Summers has resigned from Santander's international advisory board he currently chaired, a Santander spokesperson said on Wednesday.

His resignation comes several days after the U.S. Congress released documents that showed Summers shared a close relationship with the late convicted sex offender Jeffrey Epstein.

Summers, also a former president of Harvard University, said on Monday he would step back from all public commitments, adding that the move was to allow him "to rebuild trust and repair relationships with the people closest to me."

He has been a member of Santander's international advisory board, which provides advice to the group in matters such as innovation, digital transformation, cybersecurity and new technologies, since 2016.

On Wednesday he said he had also resigned from the OpenAI board.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Lululemon Athletica's Fiscal 2026 Margins Facing Pressure From Tariffs, Markdowns, BofA Says
Lululemon Athletica's Fiscal 2026 Margins Facing Pressure From Tariffs, Markdowns, BofA Says
Mar 10, 2026
10:56 AM EST, 12/12/2025 (MT Newswires) -- Lululemon Athletica ( LULU ) could see pressure on fiscal 2026 margins from tariffs and product markdowns, BofA Securities said in a Friday note. The company reported fiscal Q3 earnings late Thursday of $2.59 per diluted share, down from $2.87 a year earlier, while revenue rose to $2.57 billion from $2.40 billion. Lululemon...
Rivian shares surge as analysts cheer shift to custom self-driving chip, AI strategy
Rivian shares surge as analysts cheer shift to custom self-driving chip, AI strategy
Mar 10, 2026
Dec 12 (Reuters) - Shares of Rivian Automotive ( RIVN ) surged 18% on Friday as analysts issued bullish commentary on the electric pickup truck and SUV maker's efforts to develop a custom chip for self-driving features and its integration of artificial intelligence. The stock had closed about 6% lower on Thursday after the company's announcements at its first Autonomy...
Coty CEO to step down as owner JAB plans leadership shake-up, FT reports
Coty CEO to step down as owner JAB plans leadership shake-up, FT reports
Mar 10, 2026
Dec 12 (Reuters) - Coty's ( COTY ) controlling shareholder JAB Holdings is planning a leadership overhaul that will result in CEO Sue Nabi stepping down, The Financial Times reported on Friday, citing people familiar with the matter. (Reporting by Neil J Kanatt in Bengaluru; Editing by Anil D'Silva) ...
Power Metals Higher As Seals $5 Million Pre-payment Cesium Oxide Deal With Albermarle
Power Metals Higher As Seals $5 Million Pre-payment Cesium Oxide Deal With Albermarle
Mar 10, 2026
10:57 AM EST, 12/12/2025 (MT Newswires) -- Power Metals ( PWRMF ) up 7.5% on last look, said Friday it has sealed a $5 million pre-payment deal for cesium oxide concentrate with NYSE-listed Albermarle. The pre-payment commitment is conditional on Power Metals ( PWRMF ) securing necessary approvals and permits to commence mining at Case Lake, Ontario. The company will...
Copyright 2023-2026 - www.financetom.com All Rights Reserved