Banco Santander to compensate small victims of Madoff

By admin on Wednesday, January 28, 2009
Published in: Blog

Banco Santander has announced that it is to compensate all individual investors who lost money in the Madoff scam via its investment arm.

Going to cost them around €1,380,000,000, it seems, and will be repaid in preferential participations and cash. Institutions can go whistle. Nice of them, but I can’t help wondering what ZP will give in exchange?

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