Santander sees fall in UK profits

The cost of attracting savers and the eurozone crisis sent profits at Santander's UK arm tumbling by 20% during the first half of the year.

Pre-tax profits in the first six months were £141 million lower year-on-year at £549 million, hurt by the cost of luring deposits with high savings rates, while it also saw wholesale funding costs rise due to Europe's sovereign debt woes.
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