trending Market Intelligence /marketintelligence/en/news-insights/trending/oomkpbqujhzbzvn0olegca2 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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Banco Popular Español responds to report of sweeping layoffs, branch closures

Episode 11 - How COVID - 19 Has Reshaped The Advertising Industry

信用分析(Credit Analytics)案例: 瑞幸咖啡

S&P Podcast – Economic Recovery Will Guide US Ad Market

Cable Network Q1'20 Distribution Revenue Recap


Banco Popular Español responds to report of sweeping layoffs, branch closures

responded torumors of sweeping job cuts and branch closures by saying it is undertaking anoperational analysis that will dictate the actions it needs to take to achieveits objectives.

The statement came after El País reported July 21 that the bankis planning a massive cost-cutting initiative that could include layoffs ofabout 2,500 employees, representing 17% of its workforce, and the closure of about300 offices. The plans would reportedly affect its operations in Spain andPortugal.

Banco Popular said it isnot yet possible to precisely quantify the possible effects of the operationalanalysis, including on its earnings results for full year 2016 and thefollowing years. The bank recently said it was studying to significantly reducethe level of unproductive assets in its balance sheet from 2016 to 2018.

The bank in May launched a€2.5 billionrights to shore up its balancesheet and boost profitability and asset quality.