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European Banks Tally Losses Linked to Fraud
European Banks Tally Losses Linked to Fraud
The size of Bernard L. Madoff’s scheme calls into question why big banks in Spain, Britain and especially Switzerland failed to spot the risks of putting billions into Mr. Madoff’s hands. >
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Wednesday morning links
The Mess That Greenspan Made — ... drops 25 pct amid financial turmoil - AP ECONOMY Car, home buyers could benefit from Fed rate cut - AP When My Recession Becomes Your Great Depression - Bloomberg Falling prices have appeal to those with stagnant pay - LA Times State layoff list projects variety of job cuts - SF Gate INTERNATIONAL Bank of England resisted deeper interest rate cuts for fear of a run on the pound - Telegraph European Banks Tally Losses Linked to Fraud - NY Times U.K. Jobless Claims ...

Which ETFs Could Be Impacted by Wall Street Fraud?
ETF Trends — ... ), allegedly kept their suspicions to themselves, although the red flags at Madoff’s firm were so obvious, said one banker with direct knowledge of the case. The bank saved themselves millions, and the embarrassment, with its total exposure to Madoff’s supposed Ponzi scheme at less than $13.8 million, reports Nelson D. Schwartz for ...

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