trending Market Intelligence /marketintelligence/en/news-insights/trending/8lh5zt6qredimrfbzldsxq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Banco de Sabadell to shutter 250 branches in Spain in 2017

Creating an Efficient Enterprise Wide Credit Risk Management System for a Leading Energy Company

Power and Gas M&A Symposium - 2019 Highlights

Financial Plumbing Prone To Clogging Amid Bank Liquidity Trap

US Commercial Smart Building Projects Set For 56% Annual Revenue Growth Over The Next Five Years


Banco de Sabadell to shutter 250 branches in Spain in 2017

Banco de Sabadell SA intends to shutter 250 bank branches in Spain in 2017, representing 11% of its local branch network, Reuters reported Dec. 23, citing "a source at the bank."

Through the move, the Spanish lender aims to reduce costs and offset decreasing profit margins as well as meet increasing customer demands for online services, the source told Reuters.

Having already shuttered 92 branches in 2016, the additional 250 branch closures will result in the relocation or early retirement of 800 workers, the source said. However, Expansión said all affected workers would be laid off, Reuters noted.