Spanish banking giant Santander is to axe 1,900 jobs in its businesses in Britain next year, the company announced Friday, according to dpa. The job cuts will affect staff at mortgage lenders Abbey, Alliance & Leicester and Bradford & Bingley, which were taken over by Santander this year. Compulsory redundancies have not been ruled out. The cuts at head offices of the businesses in London are equivalent to 8 per cent of Santander's workforce in Britain.
