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In Banco Santander, a Microcosm of Spain’s Troubles
 
Spain’s big bank — Banco Santander (NYSE: STD) — said its fourth-quarter profits fell 98%. It took a $2.4 billion charge because of its wrecked real estate portfolio. It also set aside cash to cover bad loans. There are concerns that the bank will have to be rescued by the government, which hardly has the [...]
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