Tag: #ImpairmentCharges
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Santander to book 1.5 bln euro impairment charge on UK unit
Madrid, Sept 25 (AFP/APP):Spanish banking giant Santander said Wednesday it will book an impairment charge of around 1.5 billion euros ($1.65 billion) linked to its British unit due to the uncertainty caused by Brexit and changes in regulations. The impairment was “mostly due” to “various negative impacts” of changes in baking regulations in Britain which…