Santander billions at risk in Wall St investment scam

Banking giant Santander’s clients had more than £2bn (€2.23bn) in disgraced Wall Street supremo Bernard Madoff’s investment funds, it emerged today.

Mon, 15 Dec, 2008 - 07:09

Banking giant Santander’s clients had more than £2bn (€2.23bn) in disgraced Wall Street supremo Bernard Madoff’s investment funds, it emerged today.

Europe’s second-largest banking consortium, which owns Abbey and Bradford & Bingley, confirmed the amount, which reports said was mostly in the Optimal Strategic US Equity fund.

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CourtsBusinessHeathrowPlace: Wall StPlace: Wall StreetPlace: EuropePlace: JapanPlace: BostonPlace: ZurichPlace: BritainPlace: FloridaPlace: MinnesotaPlace: SwitzerlandPerson: Bernard MadoffPerson: Nicola HorlickPerson: SuperwomanPerson: MadoffPerson: Harvey PittOrganisation: SantanderOrganisation: AbbeyOrganisation: BradfordOrganisation: NomuraOrganisation: Societe GeneraleOrganisation: Bramdean AlternativesOrganisation: NasdaqOrganisation: Manhattan courtOrganisation: FBIOrganisation: Securities and Exchange CommissionOrganisation: Bernard L Madoff Investment SecuritiesOrganisation: US governmentOrganisation: Reichmuth & CoOrganisation: BNP ParibasOrganisation: Madoff
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