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.
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. A spokesperson for the bank has announced that Banco Santander expects to offset costs by the end of 2016.