1. Brief and to the Point
The banking business just isn't profitable now.
— Enrique Garcia Candelas, Banco Santander SA's head of Spanish retail banking, speaking during a conference in Madrid. Candelas said Spain's banks will have to close another 10,000 to 12,000 branches to adapt to a reduction in demand for loans
Source: Dow Jones
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio