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Banco Santander Topics

Bank to Pay $235 Million in Madoff Case

Banco Santander, which funneled $3 billion in client funds to Bernard L. Madoff, agreed to pay $235 million to settle potential legal claims by a trustee of Madoff victims.

 

Santander's Madoff Payout Grows

Banco Santander, Europe's second-largest bank by market value, has quietly sweetened a compensation deal for selected private banking clients who lost money in Bernard Madoff's alleged Ponzi scheme.

 

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