Banco Santander Slashes Jobs, JPMorgan Warned by Treasury: Financial Business Review

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Banco Santander (NYSE:SAN): Current price $8.31

Spain’s biggest bank is slashing 3,000 jobs subsequent to its planned merger with its Banesto subsidiary, said inside and union sources to Cinco Dias on Friday. The bank completely absorbed its 110 year-old Banesto brand in December, shutting 700 branches in order to reduce longer-term expenses. Official discussions with unions in regards to the cuts will commence on January 9th, according to Cinco Dias.

Picture 62

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business