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.

Santander billions at risk in Wall St investment scam
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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