Santander Says Clients Have EUR2.33 Billion Exposure To Madoff
In a release, Spain's largest bank by assets and market capitalization said it had invested EUR17 million of its own funds in Madoff products.
New York-based Madoff is alleged to have lost $50 billion in a giant pyramid scheme that collapsed in the global financial crisis.
-By Jonathan House, Dow Jones Newswires; +34 619 93 93 52; jonathan.house@dowjones.com
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Publié le 14 Décembre 2008 Copyright © 2008 Dowjones
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