July 30, 2015 / 7:18 PM / in 2 years

Santander says former U.S. regulator Bair resigns from board

MADRID (Reuters) - Spanish bank Santander (SAN.MC) said on Thursday former U.S. banking regulator Sheila Bair had resigned from its board after being named rector of Washington College in Maryland.

People walk past a Santander bank branch in Madrid, Spain, July 30, 2015. REUTERS/Susana Vera

Bair, who ran the Federal Deposit Insurance Corporation (FDIC) from 2006 to 2011, was appointed to the board of the euro zone’s biggest bank, which is making a big push in the United States, 18 months ago.

Her departure leaves just two non-Spaniards on its board: Mexican Carlos Fernandez Gonzalez and Bruce Carnegie-Brown of Britain.

Reporting by Sonya Dowsett; Editing by Mark Potter

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