UPDATE 1-UBS chairman made it clear bank would deny Orcel a payout if he jumped ship - NewsBreak

MADRID, Oct 20 (Reuters) - Axel Weber, the chairman of UBS , said in court on Wednesday he made it clear in September to his Santander counterpart, Ana Botin, that the bank would deny Andrea Orcel a payout if he quit to join the rival bank, showing the pivotal role Weber played in the high-stakes dispute.