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m!?Banco De Santander Success Story
Banco de Santander has developed from a small regional bank to become one of the major players in European banking and the biggest bank in Spain over the last few years. It has now decided that it wants to dominate the European scene, starting with the UK, as it does the Spanish banking scene. In Spain where Santander goes the other banks soon follow and it seems that they have started to open the tap to new mortgages, a tap that has been closed now for almost a year. Expect other Spanish banks to follow.
So what made the Santander strong in the current market? Spanish banks never bought into toxic debt to the same extent as other European banks as they were too cheap Michael Kors Perforated Large Orange Totes busy being parochial in Spain by funding developers here, hence the huge construction boom of recent times, and also they looked to Argentina and other Spanish speaking South American countries
cheap Michael Kors Hamilton Small White Totes as well as Portuguese speaking Brazil to develop their brands in new markets. So busy were they that when all of the newly repackaged toxic debt from the States was offered they didn't even bother looking at it. So now they are cash rich and picking cheap Michael Kors Python Continental Medium Silver Totes up good deals like Abbey, Alliance and Leicester
cheap Michael Kors Ostrich-Embossed Large Pink Totes and Bradford and Bingley in a sort of Buffett way, buying in at
cheap Michael Kors Classic Monogram Large Silver Totes the best time.
So why is
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