Santander to book first-quarter charges of 100 million euros in UK and Poland
Share:
SANTANDER, Spain (Reuters) - Santander will book charges of 100 million euros (£86.5 million) in the first quarter as part of its ongoing cost cuts in the United Kingdom and Poland that involve branch closures."Finally, net charges totalling approximately 100 million euros, which includes the current optimization processes in the United Kingdom and Poland," chief executive Jose Antonio Alvarez told shareholders in an annual meeting, without elaborating further.In January, Santander announced..