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Santander to cut 3,000 jobs after Banco Popular purchase

santander2Banco Santander has announced that with its purchase of Banco Popular for €1, it has become the largest bank in Spain and Banco Santander Totta now is the largest private bank in Portugal in terms of assets.

In today’s statement, the institution said that Banco Santander Totta will incorporate Banco Popular Portugal, “creating the conditions to further develop its activity to support Portuguese families and companies,” and admitted that 3,000 people will lose their jobs.


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