| Profits at Spanish banking giant Santander have halved after it made more write-downs against unrecoverable loans secured against property. The bank, which is the eurozone's biggest, said first-half profits halved to 1.7bn euros ($2.6bn; £1.3bn) in the six months to the end of June.
Write-offs for Spanish property loans were 2.8bn euros. It has written off 6bn euros of the 8.8bn euros that it has been told to write off this year. Profits in the UK rose by 41% to £466m...............................................Full Article: Source
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