Santander bank cutting more than 1,400 jobs amid landmark car loan ruling

Santander is cutting 1,425 jobs in its UK business to reduce costs, with the job cuts expected to be completed by the end of 2024. The delay in publishing financial results is due to a court ruling on car finance commission, while the wider bank’s profit increased by over 10% recently. CEO Hector Grisi confirmed the cuts and emphasized the company’s focus on automating operations.

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