Banco Santander Leads Europe Through Messy Times

If you are looking for banks trading below book value within Europe, you’re not short of choice. Unfortunately, while many banks look appealing on a price-to-book ratio, I want to stay away. In many respects, Europe is still a mess, and there is no long-term solution to many of the problems currently affecting the continent. Debt and unemployment is still rising and the continent is now faced with the possibility of a lost-generation as well as an aging work force. With that being the case, it is entirely possible to believe that many of these banks trading below book value…