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Pictures | Mon Dec 17, 2012 | 8:26am EST

Santander to absorb Spanish subsidiary Banesto

A man with a trolley walks past a Santander bank branch in Madrid December 17, 2012. Spain's largest bank Santander will spend around 260 million euros ($340.84 million) to absorb subsidiary Banesto and will close 700 local branches as it tries to cut longer-term costs. REUTERS/Andrea Comas

A man with a trolley walks past a Santander bank branch in Madrid December 17, 2012. Spain's largest bank Santander will spend around 260 million euros ($340.84 million) to absorb subsidiary Banesto and will close 700 local branches as it tries to...more

A man with a trolley walks past a Santander bank branch in Madrid December 17, 2012. Spain's largest bank Santander will spend around 260 million euros ($340.84 million) to absorb subsidiary Banesto and will close 700 local branches as it tries to cut longer-term costs. REUTERS/Andrea Comas
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People walk past a Santander bank branch in Madrid December 17, 2012. REUTERS/Andrea Comas

People walk past a Santander bank branch in Madrid December 17, 2012. REUTERS/Andrea Comas

People walk past a Santander bank branch in Madrid December 17, 2012. REUTERS/Andrea Comas
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