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Archive Home > 2009 > January > 29 > Spanish bank settles Madoff suit for $1.8B

Spanish bank settles Madoff suit for $1.8B


January 29, 2009

MADRID, Spain — Banco Santander, Spain’s largest bank, has offered to pay 1.38 billion euros, or $1.8 billion, to reimburse private banking clients who had invested with the disgraced financier, Bernard Madoff, a settlement that could prompt other financial institutions to....

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