Santander's Pounds 8.3bn [Edition 2]

Summary


SANTANDER, the Spanish bank that owns Abbey, Alliance & Leicester and the branch network of Bradford & Bingley, was today forced by a Madrid watchdog to rush out its 2008 profit figure.

Stock-market regulator CNMV asked the bank to release a provisional profit figure after it said it would compensate clients of its private wealth arm who lost money through Bernard Madoff's $50 billion (Pounds 35 billion) Ponzi investment fraud.

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Santander's Pounds 8.3bn [Edition 2]

Santander said ...

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