Banco Santander Hit By Slower Economy, Capital Debate
Banco Santander (STD) shares were sinking as the euro zone's economic downturn appeared deeper than thought and EU ministers predicted a longer debate over new bank capital rules. Unemployment in the currency union rose to a record high of 10.9% in March from 10.8% in February. A euro-zone manufacturing gauge for April indicated a more severe contraction than initially reported, dropping to the lowest level since June 2009. Even powerhouse Germany
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