BRIEF-Barclays hires filippo zorzoli to head up macro distribution for emea and apac
* Barclays hires filippo zorzoli to head up macro distribution for emea and apac Source text for Eikon: Further company coverage:
WASHINGTON Dec 9 A U.S. bank regulator is poised to fault Spanish lender Santander for doing too little to reach poor neighborhoods and will give the bank a failing grade for community lending, according to sources familiar with the situation.
A decision by the Office of the Comptroller of the Currency, the main regulator of national banks, is due by early 2017.
Specifically, Santander will be deemed a bank that "needs to improve" under terms of the Community Reinvestment Act, which was enacted in the 1970s to help end discriminatory lending.
Banks deemed "need to improve" must clear more regulatory hurdles when they want to open branches or seek to merge.
The OCC and Santander both declined to comment. (Reporting by Patrick Rucker; Editin by Steve Orlofsky)
* Poland's biggest bank, the state-run PKO BP, will recommend a dividend payout next year, after it retained its 2016 profits, Polish state-run news agency PAP quoted Chief Executive Zbigniew Jagiello as saying.