BME:SANBanks
Santander Branch Closures Test Digital Push And Long Term Investor Story
Santander plans to close 44 branches in the UK, putting nearly 300 jobs at risk.
The closures are part of a shift toward digital banking and a wider cost cutting program.
The bank is introducing community banking alternatives to maintain some local presence in affected areas.
The decision coincides with the final phase of UK chief Mike Regnier’s tenure.
For investors watching Banco Santander (BME:SAN), these closures sit alongside a share price of €10.78 and very large multi year returns,...