Santander, the eurozone's biggest bank, says its net profit for the first nine months of the year fell by two thirds from the same period last year.<br /><br />That was because it wrote off five billion euros in losses from repossessed housing and unrecoverable loans to developers in Spain.<br /><br />That big writedown meant its profit in the third quarter was 94 percent lower. <br /><br />...<br />http://www.euronews.net/
