BBVA sees 7% drop in IB pre-tax profits
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BBVA sees 7% drop in IB pre-tax profits

The investment banking business at BBVA appears more resilient than its larger rival Santander, half year results show. Pre-tax profits in BBVA’s wholesale banking and asset management division dropped 7% in the first six months of 2011, from €1.075bn to €1bn.

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