Abbey set to cut 1,000 more jobs

The work at Abbey has begun, only begun, for Banco Santander, after its acquisition of the former.

While it is predictable that the market will be asking for more and earlier results, the success of this transaction will become manifest only if the necessary steps are taken, consecutively and in conjunction.

stabilization,

integration, and

growth.

Following the steps in an unhurried way will ensure long-term financial success. The Spanish banks have shown with their acquisitions in Latin America that following these steps have proven to be extremely beneficial for shareholder value.

Banco Santander does not need quick profit from Abbey, they will do better to set the foundation for the future.

OAM

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Abbey set to cut 1,000 more jobs
Santander to cut more jobs at Abbey National (paid subscription required)