Spain’s Santander to exit mortgage business & cut 500 jobs in Germany
Thu, Apr 18, 2024 6:47 PM

Spain’s Santander to exit mortgage business & cut 500 jobs in Germany

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FRANKFURT | MADRID: Spain's Santander will exit the mortgage business in Germany and cut around 500 jobs there by the end of 2026 as part of a process to concentrate on more profitable activities, a spokesperson for the lender told Reuters on Wednesday. Germany has been going through its worst real estate crisis in decades.

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