Santander to ramp up digital investment, cut costs

–Santander targets EUR1.2 billion of cost savings as part of new medium-term plan

–The Spanish bank will invest more than EUR20 billion over the next four years in digitalization and technology

Banco Santander SA (SAN.MC) will cut costs and boost investment in digital and technology as it aims to improve profitability and strengthen capital.

Spain’s largest bank targets 1.2 billion euros ($1.34 billion) of cost savings as part of its new medium-term plan, it said Wednesday ahead of its investor day in London.

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https://www.marketwatch.com/story/santander-to-ramp-up-digital-investment-cut-costs-2019-04-03