Banco Santander 1Q Profit Falls on Revenue Decline
Banco Santander SA, Spain’s biggest bank, reported lower first-quarter profit as revenue slumped in its home market and operations aboard were hit by currency effects. Net income fell 5 percent to 1.63 billion euros ($1.84 billion) from 1.72 billion euros a year earlier, the bank said Wednesday. Chief Financial Officer Jose Antonio Garcia Cantera discusses business with "On the Move" hosts Guy Johnson in London and Hans Nichols in Berlin.
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