Santander sees Americas surge make up for weak Europe profit

BANCO SANTANDER reported a profit of $2.4 billion in the second quarter. / BLOOMBERG FILE PHOTO/ANGEL NAVARRETE
BANCO SANTANDER reported a profit of $2.4 billion in the second quarter. / BLOOMBERG FILE PHOTO/ANGEL NAVARRETE
MADRID, Spain – It looks like Banco Santander SA picked the right time to grow in Latin America. The Spanish lender’s surging businesses there delivered second-quarter profit growth that made up for a lackluster performance in Europe. Shareholders on Tuesday approved a capital increase to buy out the 25% of the bank’s Mexican unit that…

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