Banco Santander 's recent restructuring efforts are set to cost the bank EUR 250 m ( $ 30 m ) . Santander generates about a quarter of its net profit in the U.K., and the bank's shares have been hammered since Britons voted to leave the European Union. The bank plans to close more branches throughout Spain as a result of this effort while further staff cuts are conducted . A spokesperson for the bank has announced that Banco Santander expects to cut staff by the end of 2016 .
Banco Santander 's recent restructuring efforts are set to cost the bank EUR 250 m ( $ 30 m ) . The bank plans to close more branches throughout Spain as a result of this effort while further staff cuts are conducted . A spokesperson for the bank has announced that Banco Santander expects to cut staff by the end of 2016 .