BY CHRISTOPHER BJORK
MADRID?Spanish banking giant Banco Santander SA on Wednesday reported a 38% drop in second-quarter net profit, after it set aside ?620 million ($899.7 million) to cover potential claims for customers in the U.K. who were missold payment-protection insurance policies.
Net profit for the largest bank in the euro-zone by market valuation plunged to ?1.39 billion from ?2.23 billion a year earlier. Net interest income, Santander's main income stream, rose ...
Source: http://online.wsj.com/article/SB10001424053111904800304576471360038647984.html?mod=WSJ_topics_obama
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