Santander announced last month that it made a net profit of €9.06 billion in 2007 – an amount to make its US and European rivals feel green with envy.
Last year was a spectacular one for the Spanish bank capped off with its acquisition of Brazil’s Banco Real as part of the consortium that bought ABN Amro.
The original price of the deal was €19.9 billion but that included some of ABN Amro’s Italian assets, which Santander quickly sold for...
