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Spanish banks recover from crisis but toxic assets still remain

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Brexit has caused concern, as Spain's biggest bank Banco Santander has a huge presence in Britain.

Madrid

HIT by a severe crisis several years ago, Spain's banking sector has recovered but at a cost as thousands are laid off and it struggles to get rid of toxic assets.

"The system is closer to putting most of the crisis legacies behind it," analysts at the International Monetary

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