Santander Overhauls Corporate Structure to Attain Profit Goals

The video discusses the restructuring plans of Santander and Citigroup. Santander aims to simplify its operations by reorganizing into five units to enhance profitability. Meanwhile, Citigroup is also restructuring into five units, focusing on increasing its stock price for shareholders. Both banks' strategies may lead to job cuts, reflecting a broader trend in the banking industry towards simplification and efficiency.

What is the primary goal of Santander's new strategy?

• To simplify the business and drive profitability

• To expand into new markets

• To focus on customer service

• To increase the number of branches

Which of the following is NOT one of the five units Santander plans to focus on?

• Corporate and investment banking

• Digital banking

• Retail and commercial banking

• Real estate management

What common theme is present in the recent banking news?

• Simplifying management and potential job cuts

• Expansion into new countries

• Merging with other banks

• Increasing interest rates

What is Citigroup's main objective with its new strategy?

• To increase the stock price

• To reduce the number of employees

• To expand into Asia

• To focus on digital transformation

How does Citigroup's strategy differ from Santander's?

• Citigroup is expanding its retail operations

• Citigroup is reducing its number of units

• Citigroup is aiming to enhance shareholder value

• Citigroup is focusing on profitability