Santander hit by slowing LatAm, UK earnings but IB stable
Santander’s investment banking business performed well in the first nine months of 2012, contributing 10% of the group’s gross income. However, as earnings began to slow not just in continental Europe but also in Latin America and the UK, the bank posted a 21% quarterly drop in pre-tax profits.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: