Santander reports quarterly profits jump, risky assets down
Santander branch in central London
Madrid - AFP
Santander, the eurozone's biggest bank by market value, said on Thursday its profits jumped by more than a third in the second quarter as its ratio of risky assets eased.
The Spanish banking giant posted a quarterly net profit of 1.45 billion euros ($1.94 billion), its highest in the past two years and a 38-percent jump compared to the outcome in the same period in 2013.
The group also said its ratio of high-risk loans -- mostly bad real estate assets left over from the crash -- had been brought down to 5.45 percent.
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Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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