Santander 'back to normal' with 8% profit rise
Santander, the eurozone’s largest bank by market capitalisation, saw year-on-year profits grow by 8.1% to €1.3bn in the first quarter of 2014, the highest in the last eight quarters, in what the bank said illustrated its “return to more normal levels” of profitability.
The wholesale bank made €474m, 0.7% down on last year (or 7.2% up, excluding FX).
The financing solutions business generated €281m, up 4% on the year, but the global markets business was down by 10% to €468m."Better evolution of cash equities in Europe did not offset the decline by ...