Santander net profit jumps 54%

Article Abstract:

Second-quarter net profit for Spain's Banco Santander S.A. rose by 54% to reach $3.65 bil, due in part to capital gains connected to the selling of a stake in Italian bank Intesa Sanpaolo S.p.A. Net interest income increased by 26%, with lending volumes up 16%.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit, Banco Santander S.A., Financial report

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RBS to extend reach in China with deal for 19.9% trust stake

Article Abstract:

Royal Bank of Scotland PLC intends to purchase a 19.9% stake in Chinese financial firm Suzhou Trust Co., a move that would enable RBS to expand its wealth management services into China's financial markets. Terms and value of the deal are not known.

Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Securities issued, listed, United Kingdom, Financial services industry, Securities, Royal Bank of Scotland PLC, Company securities

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Spain's BBVA enters China

Article Abstract:

Banco Bilbao Vizcaya Argentaria S.A. of Spain is the first Spanish bank to invest in China. Stakes in two units of Citic Group of China are being purchased for 989 million Euros ($1.27 billion).

Banco Bilbao Vizcaya Argentaria S.A., Industry overview

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