Photographer: Chris Ratcliffe/Bloomberg

Santander Scales Back Profitability Target Post Brexit

Updated on
  • Return on equity target by 2018 reduced to 11% from 13%
  • The U.K. is Santander’s largest contributor to earnings

Banco Santander SA lowered its profitability target for 2018 as growth expectations worsened in the U.K. and other countries where the Spanish bank does business.

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