Wealth and Asset Management
Santander records massive jump in wealth management in Q1 2023
The private banking, asset management and insurance businesses of Santander saw profit in Q1 2023 increase 62% to hit €377m ($416m). In addition, total income for the arm increased 43% year-on-year thanks to improved margins and net fee income. Furthermore, total fee income amounted €892m which represented 29% of the…
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