Summary
Spanish Banco Santander has succeeded in driving up profits at Abbey - the former building society it took over two years ago - by 31 per cent after cutting another 1,800 jobs.
In the nine months to September Abbey contributed pounds 499 million (743 million euros) to Santander's profit of 4.8 billion euros (pounds 3.2 billion) - a rise of 28 per cent.See the full content of this document
Extract
Spaniards Drive Up Profits at Abbey
The Spanish bank has now cut 5,800 Abbey jobs since paying pounds 9 billi...
See the full content of this document
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