Santander shines in first quarter
MADRID - Santander's global wholesale banking (GWB) division saw first-quarter profits soar by 61% to €634 million on the back of an exceptional performance by the rates division.
The rates division comprises structuring and trading activities in exchange rate and interest rate instruments. Revenues in these business lines rocketed up by 87% to €435 million. The bank attributed the impressive display to the success of simple derivatives and plain vanilla products, with the Spanish region being
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