A man looks at his phone on steps of a Santander bank in Madrid
A man looks at his phone on the steps of a Santander bank in Madrid April 25, 2013. Santander, the euro zone's largest bank, reported a 26 percent drop in first-quarter net profit as slowing growth in some South American markets added to the gloom at home in Spain. The bank, which relies on South America for about half its profit, missed analysts' forecasts as lending in continental Europe shrank and lower interest rates ate into margins.
Santander is one of Spain's healthier lenders and survived a real estate market crash without state help. REUTERS/Paul Hanna (SPAIN - Tags: BUSINESS)