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Spanish Bank Branch Closures Reach 50% Amidst Merger Concerns
Spain's major banks have closed nearly half their branches (9,500) over the past decade due to mergers, digitalization, and low interest rates, leading to thousands of job losses; the proposed BBVA-Sabadell merger threatens further reductions, raising concerns about financial exclusion.
Spanish Bank Branch Closures Reach 50% Amidst Merger Concerns
Spain's major banks have closed nearly half their branches (9,500) over the past decade due to mergers, digitalization, and low interest rates, leading to thousands of job losses; the proposed BBVA-Sabadell merger threatens further reductions, raising concerns about financial exclusion.
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