Spain's Banco Santander said Thursday its fourth-quarter net profit rose 13 percent to euro2.2 billion ($3.08 billion) as strong revenue growth offset an increase in bad loans amid recession. Spain's biggest bank and the eurozone's largest by market capitalization said that gross income ...

The Abu Dhabi investment fund with the biggest stake in Mercedes-Benz said Sunday it has spent $328 million for a piece of a Brazilian bank recently floated by Spanish financial giant Banco Santander. Aabar Investments' deal — the latest in a string of big bets by ...

There is growing evidence that the market for initial public offerings is rebounding after essentially disappearing at the height of the credit crisis as two new issues raised a combined $10 billion Wednesday. However, analysts say the market's re-emergence isn't open to every ...