Santander Turns to Latin America as European Businesses Slip

  • European units hit by restructuring, Brexit, interest rates
  • Americas’ contribution to profit reaches highest since 2013
Banco Santander SA Chief Financial Officer Jose Garcia Cantera discusses the bank’s 1Q performance.(Source: Bloomberg)
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Banco Santander SA relied on its increasing commitment to fast-growing Latin American markets to make up for sluggish European units that weighed on first-quarter profit.