Santander To Cut 3,000 Jobs at Abbey
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Spanish Bank Santander Central Hispano intends to cut about 3,000 jobs at Britain&#39;s Abbey National if its proposed acquisition of the British bank is completed.
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LONDON/MADRID  - Spanish bank Santander claimed  victory for its 8.7 billion pound ($15.6 billion) agreed  takeover of Britain's Abbey National after its most likely  rival, UK bank HBOS, pulled out of the race.
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Santander aims to complete its takeover of UK mortgage lender Abbey one month sooner than originally planned.
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Commerzbank said Tuesday it lost 208 million euros (&#36;258 million) in the third quarter and will slash hundreds of jobs in its investment banking division.
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ABN Amro Holding NV, the largest Dutch bank, plans to cut 2,850 jobs, or about 3 percent of the total workforce, as earnings decline.
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Spanish bank Santander Central Hispano says the referral of any competing offer for Abbey National to regulators need not mean Santander would pull out of the fray.
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The chairman of Santander Central Hispano, the Spanish bank which is bidding for Abbey National, will tell unions today that a successful acquisition by his company will result in less than half the number of ...
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The Spanish bank poised to take over Abbey National will walk away if the Â£8.2 billion deal is stalled by competition concerns, it was reported today.
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The Spanish bank Santander Central Hispano said it still expects to complete its acquisition of British home-loan specialist Abbey National by the end of this year.
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Francisco G mez Rold n, chief financial officer of Spain's largest bank, will take the helm at Abbey, replacing Luqman Arnold.
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SPAIN&#39;S Banco Santander Central Hispano yesterday revealed plans to speed up its Â£8.4bn bid for Abbey in an apparent effort to thwart interest from other possible bidders.
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Newly-merged telecoms firm Alcatel-Lucent is to cut 12,500 jobs in three years as profits are halved.
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Santander says it aims to complete its takeover of UK mortgage lender Abbey one month sooner than originally planned.
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A Spanish bank seeking to buy Britain&#39;s Abbey National says it will dismiss about 3,000 workers to achieve costs savings, if the buyout is approved.
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The Financial Services Authority has cleared Spanish bank Santander Central Hispano's Â£9bn takeover of Abbey National.
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Spanish bank Santander claimed victory for its 8.7 billion pound (&#36;15.6 billion) agreed takeover of Britain's Abbey National after its most likely rival, UK bank HBOS, pulled out of the race.
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Spain&#39;s SCH plans to cut around 3,000 jobs at takeover target Abbey National to meet its goal of reducing costs by 450 million euros (302 million pounds) at the bank within three years.