Santander's Next Move

Santander's Next Move

To make more and more money out of markets that are sinking deeper and deeper into trouble takes a special set of skills. Banco Santander Central Hispano thinks it has these skills in abundance. After a six-year, $15.7 billion spending spree, Spain's biggest bank has become the biggest in Latin America in terms of assets. Last year it posted net earnings of $1 billion in the region, or 48% of its total. This year, it says Latin America will contribute $1.5 billion, or more than 60% of earnings - this despite Argentina's debt crisis, Brazil edging in the same direction, Chile treading water and Mexico in the doldrums. So how will Santander do it? Executives are not saying public

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