- Senior executives at Banco Santander (NYSE:SAN) will have to start driving their company-issued $100K Audis by themselves as the profit-starved lender does away with the use of chauffeurs for all except the Chairman and CEO.
- The move comes as the bank cuts staff and closes hundreds of branches amid a promise to shave €3B from expenses by the end of 2018.
Things just got real - Santander abandons chauffeurs
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About SAN Stock
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Symbol | Last Price | % Chg |
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SAN | - | - |
Banco Santander, S.A. |