Spanish banking group Santander has seen profits fall 59% after setting aside money to cover losses from the collapse of Spain's property market. Santander made profits of 2.2bn euros ($3bn, £1.9bn) in 2012, after setting aside 12.7bn euros for bad loans and 6.1bn for potential property losses. The share of problematic loans at its Spanish branches rose from 5.5% to 6.7% during the course of the year. To add to its woes, operating income at its UK and US businesses fell sharply......Read more here BBC News - Santander profits hit by Spain bad loans