santander
Profit rose in the first quarter for Spanish banking and financial services group Banco Santander SA compared to the same period of the previous year. Banco Santander reported an attributable profit of €2.852 billion ($3.05 billion) in the first quarter of 2024, up 11% in current euros versus the same period last year, as strong growth in net interest income in all the global businesses and regions, supported by growth in customers, and good cost control more than offset the expected year-on-year growth in provisions. Quarterly earnings per share were €0.17, up 14% from the prior year. Total i...
DPA Breaking News
Spain's Santander Bank is to cut 500 jobs at its German headquarters in Mönchengladbach in the west of the country, a company spokeswoman confirmed on Monday. Santander attributed the move to simplification of its business model as well as exiting from new business in construction financing. The bank is to cut staff levels from around 4,100 to 3,600 by the end of 2026, based on full time equivalents. As many staff work part time, the number of workers affected could be higher. "We will implement these changes in a responsible way and are confident of achieving the staff structure we are aiming...
DPA Breaking News
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