Santander hit by slowing LatAm, UK earnings but IB stable

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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.

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