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Article: Banco Santander sheds dead weight.(PUERTO RICO)
- Article from:
- Caribbean Update
- Article date:
- February 1, 2008
CopyrightCOPYRIGHT 2008 Caribbean Update, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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After seeing the value of its investment in Puerto Rico reduced by over US$1 billion during the past two years, Spain's Banco Santander must be breathing easier as Santander BanCorp (SBP), the bank holding company of Banco Santander in Puerto Rico (BSPR), continues to shed dead weight in an effort to turn around its meager financial results, reports Caribbean Business (Jan. 9, 2008). The cuts include: the sale and lease back of ...