Monday, October 29, 2012

Santander Takes a Big Writedown on Its Spanish Real estate Loans

Banco Santander said profit fell after it amassed provisions against real-estate losses in Spain and as economic activity stuttered in some Latin American markets. Dow Jones's Margot Patrick reports:

1 comment:

Anonymous said...

Shades of the US real estate bubble bursting in 2007-08 as well as norther rock's UK collapse too.