Barclays is set to shut down its Spanish operations by the end of the year amid global restructuring efforts. In a bid to bolster profitability and address the rapid shift towards internet and digital banking, Banco Santander also plans to close 450 branches in its Spanish home market. The move comes as concerns of the country's plateauing financial industry begin to mount , causing Barclays , RBS and Goldman Sachs to also reduce their operations in Spain . In addition, Banco Santander will close 450 branches in Spain and increase its investment in digital banking in an effort to bolster productivity.
Barclays is set to shut down its Spanish operations by the end of the year amid global restructuring efforts. The move comes as concerns of the country's plateauing financial industry begin to mount , causing Barclays , RBS and Goldman Sachs to also reduce their operations in Spain . In addition, Banco Santander will close 450 branches in Spain and increase its investment in digital banking in an effort to bolster productivity.