Take Your Losses Upfront: Banco Santander Takes a 3.1 Billion Euro Hit

Profits Tumble at Banco Santander 1/31/201
Spain's largest bank, Banco Santander, announced that its profits were down by 98% in the fourth quarter of last year. It is catching a jump on regulators by writing its losses down earlier.

In this video, Joe Ortiz of DJ Banking Intelligence tell us why.