Santander latest to announce large UK bank job losses
Santander, the Spanish banking group that "adopted" Bradford and Bingley's profitable savings division and recently won Alliance and Leicester to add to its Abbey business has announced that around 1,900 jobs in the UK will go as the businesses are subsumed.
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But Santander had originally said that the various units would remain and be operated independently. However, as the B&B business was carved out of a much larger business, and the lending remained with the government.
Santander said in a statement that the reductions would not hit the number of branches, saying that the group intended to maintain or even increase the number - which some may see as surprising given the duplication of branches across the network.
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