Two leading German banks — Deutsche Bank and Commerzbank — have attempted a merger, but it fell through early this year, resulting in the pair independently announcing major layoffs. At the top of the downsize list is Deutsche Bank, which began laying off 18,000 workers in July as part of an $8.3 billion overhaul. December 12, 2020 "Great!" And if you need a bitcoin wallet to securely store your coins, you can download one from us here. Payment Address. Santander suffered a record loss of €11bn (£10bn) in its latest half-year, it revealed today, as coronavirus provisions tanked its bottom line. Santander had already undergone a round of layoffs relatively recently: 3,069 employees were dismissed after the absorption of Banco Popular in 2019. At the end of last year, the group employed 83,500 staff, according to its annual report. Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike. This number adds to the 2,000 workers who left the bank during the first quarter. The layoffs were roughly evenly split between consumer-banking and business-banking employees, including front-end and back-end workers, said Pierre Habis, Santander’s head of consumer and business banking. The largest Catalan bank also plans to close down over 800 branches in Spain out of its 4,461 branches in operation by 2021. Let us know in the comments section below. "Santander is committed to maintaining employment in Spain and to not resort to layoffs during the coronavirus epidemic," the bank, which employs some 29,000 people in Spain, said in a statement. Dog That Mauled 11-Year-Old Boy in Boston Has Been Euthanized, Flames Rip Through Multi-Family Home in Worcester on New Year's Day; 6 People Displaced, Copyright © 2021 NBCUniversal Media, LLC. Banking giant HSBC is also downsizing. Crust Network Launches Crust Storage Market, Decentralized Cloud Service Built on... CoinDeal Obtains in-Principle Approval for Maltese Class 4 VFA License, MinePlex Creates CrossFi Crypto Bank by Combining Traditional Finances With Blockchain, Bitfinex CTO: Tether Is Registered and Regulated Under FinCEN- USDT Not Next Target of the US SEC. Press Releases. Here in the United States, we offer simple, personal and fair financial solutions to help our customers prosper. Other Employee Reviews. In-depth news coverage of the Greater Boston Area. Over 17,000 employees in the United States. The low interest rate environment, a global economic slowdown, trade tensions, geopolitical uncertainty, added to structural vulnerability and domestic economic weakness, have negatively impacted German banks. Spanish banking group Santander said it would shed 1,900 layoffs next year at the three British banks it has acquired: Abbey, Alliance & Leicester … Bitcoin derivatives markets have been seeing significant demand in recent months at the same time bitcoin spot markets climbed to all-time price highs and surged 149% during the last three months. The health of Germany’s financial sector has been a top concern for regulators and politicians for quite some time. Santander proposes 4,000 layoffs and close at least 900 branches due to the impact of Covid-19. Santander has pledged £1million to support small and medium businesses (SMEs) in the Leeds City Region with new apprenticeship programmes over the next two years. It is not an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. “The main factors that could substantially impede European economic sentiment and growth remain the risk of further economic de-globalization, including an escalation of trade conflicts, Brexit and political turmoil in some euro area countries,” KBC Group detailed in its second-quarter earnings presentation for analysts. Bank employees are being laid off worldwide. Another Spanish bank, Caixabank, announced in January a layoff of 2,157 employees, cutting 7.3% of its total workforce. In partnership with Leeds City Region Enterprise Partnership (the LEP), Santander will transfer part of its Apprenticeship Levy Fund to local SMEs to fund the recruitment and training of apprentices predominantly in the care … Negative interest rates, political uncertainty and threats of trade wars on a global level have all played their part in eroding banks’ balance sheets, along with interest rate cuts which further reduce margins. All rights reserved. Santander Bank At-A-Glance Fact Sheet; Banco Santander Annual Report; Media Contacts Members of the media are invited to contact Santander’s Media Relations team for information, comment, or to arrange an interview. Which revealed in July its plans to close down over 800 branches in the United,. United States, we offer simple, personal and fair financial solutions help... ’ s corporate banking team services smaller businesses 900 branches due to the impact of Covid-19 business Journal Wednesday! 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