News Formal

Santander takes $1.65 billion charge as UK market struggles

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Tougher regulations, increased competition and uncertainty around Brexit have fo...

FILE PHOTO: The logo of Santander bank is seen at a branch in Mexico City, Mexico April 12, 2019.REUTERS/Edgard Garrido

Santander said the impairment would hit reported quarterly profits, but not underlying profits and would not affect its core capital levels or medium term targets. In Britain, Santander’s third-largest market after Spain and Brazil, profit fell 41% in the second quarter due to continued pressure on mortgage margins, restructuring costs of 26 million euros and provisions of 80 million euros.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi Aramco seeks project finance loan of more than $1 billion: sourcesSaudi Aramco has asked banks to submit proposals for a project finance loan of m...
Source: Reuters - 🏆 2. / 97 Read more »