European turbulence hits Santander IB results
Santander saw pre-tax profits in its global wholesale banking segment fall 16.9% year-on-year for the first half 2011, to €1.621bn. The segment — which includes the bank’s corporate and investment banking and markets businesses — experienced a weak second quarter due to tensions over Europe’s sovereign debt market, Santander said.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts