Banco Santander's recent restructuring efforts are set to cost the bank EUR 250m ($275m). Santander's shares closed down 2.5% on Monday after falling 20% on Friday. The bank plans to close more branches throughout Spain as a part of this effort while further staff layoffs are conducted. Santander has been struggling with its balance sheet since it was acquired by BBVA in 2008.
Banco Santander's recent restructuring efforts are set to cost the bank EUR 250m ($275m). The bank plans to close more branches throughout Spain as a part of this effort while further staff layoffs are conducted. Santander has been struggling with its balance sheet since it was acquired by BBVA in 2008.