European turbulence slams Santander wholesale banking
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European turbulence slams Santander wholesale banking

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.

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