Wholesale falls but Santander points to LatAm strength
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Wholesale falls but Santander points to LatAm strength

A sharp decline in equities and corporate finance revenues contributed to a 17.1% fall in profits in Santander’s wholesale banking franchise in 2011 compared to the year before, the bank reported on Tuesday. But it said its international reach helped it maintain a strong liquidity and capital position — and that its Spanish operations had no need to tap wholesale markets this year.

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