.............in the UK as profits plunge 44%
  • UK boss Nathan Bostock said bank continued to review its branch network
  • Most banks including HSBC, Lloyds and Barclays have announced new closures
  • UK pre-tax profits plunged 44% to £552m last year
Spanish-owned bank Santander said it may slash more jobs and close down more branches as it unveiled a 44 per cent slump in profits at its UK arm. UK chief executive Nathan Bostock said the lender continued to review its branch network and that cost cutting plans could result in further job losses. A potential move would follow similar announcements by other lenders such as HSBC, which was the latest bank to announce plans to trim its branch network – culling 82 branches this year.

Source: This is money