Spain’s Santander has overhauled its Asia-Pacific business under a new management, removed its top banker in Beijing and tightened employee oversight in the region, the Financial Times reported on Wednesday, citing people familiar with the matter.
Santander in June began talks with unions to offer early voluntary retirement to up to 3,000 employees in Spain, according to Spanish newspaper Expansion, as banks across Europe brace for the impact of AI.
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The bank has revamped its … [667 chars]
Source: Reuters | Published: 2026-07-08T04:51:10Z
Credit: Reuters
