Santander to Cut 3,000 Jobs at Abbey After Takeover
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Santander Central Hispano SA, which last month offered 8.2 billion pounds ($14.9 billion) to buy the UK mortgage lender Abbey National Plc, said it will eliminate 3,000 jobs at the British company.
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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
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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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Spain's largest bank, Santander Central Hispano, yesterday removed a major hurdle for Abbey National shareholders ahead of Thursday's shareholder vote on its proposed 8.9billion recommended takeover.
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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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Third-quarter trading profit at Abbey National&#39;s core retail banking unit was ahead of the first half trend despite uncertainty caused by Santander Central Hispano&#39;s 9.1 billion pound swoop.
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Shareholders of Banco Santander Central (SCH) overwhelmingly approved the 8.5-billion-pound (12.3-billion-euro, 15.3-billion-dollar) takeover of British mortgage bank Abbey National.
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Spanish bank Santander Central Hispano would drop an eight billion pound-plus offer for Abbey National if rival bids result in a drawn-out competition investigation, the Sunday Telegraph reports.
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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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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 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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Spanish bank Santander claimed victory for its 8.7 billion pound ($15.6 billion) agreed takeover of Britain&#39;s Abbey National after its most likely rival, UK bank HBOS, pulled out of the race.
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ABBEY, the UK bank being taken over by Spanish rival Santander Central Hispano, today said third-quarter trading profit at its core retail banking business was ahead of the 234 million average quarterly profit ...
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BRUSSELS  - The European Union has cleared Banco Santander Central Hispano SA's acquisition of British rival Abbey National PLC.
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SANTANDER Central Hispano, the Spanish bank that last year bought Britain - s Abbey National, yesterday sold its last shares in Royal Bank of Scotland, its partner of 16 years.
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Spain's biggest bank Banco Santander Central Hispano (SCH) said it was finalising its acquisition of Britain's Abbey National to create the world's tenth-largest bank.
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Emilio Botin, head of Banco Santander Central Hispano, is today expected to tell union officials that the Spanish bank&#39;s Â£8bn takeover of Abbey National might cause up to 4,500 job losses over three years.