Banco Santander news stories on Newser

Vatican Plans Major Overhaul of Secretive Bank

Rob Quinn — Thu, 24 Sep 2009 04:43:49 CDT

The Vatican bank—so secretive it makes Swiss bankers seem chatty—is getting a major revamp as part of Pope Benedict XVI's campaign for transparency. Italian economist Ettori Tedeschi has been appointed the new chief executive—replacing someone who's been in the post 20 years—and the bank's supervisory board...

Spanish Bank Offers $1.82B to Madoff Victims

Jim O'Neill — Wed, 28 Jan 2009 06:43:01 CST

Spanish banking giant Banco Santander, whose clients lost nearly $3.1 billion in Bernard Madoff’s Ponzi scheme, has offered to pay back customers some $1.82 billion, reports Bloomberg. The bank is facing a lawsuit in US federal court, filed by investors who say it failed to exercise due diligence...

More Banks, Celebs Losers in Madoff Scam

Jim O'Neill — Mon, 15 Dec 2008 10:20:01 CST

Bernard Madoff’s alleged Ponzi scheme, which federal investigators say cost investors $50 billion, continues to claim more victims, reports the Wall Street Journal . Spain’s Grupo Santander and France’s BNP Paribas said yesterday they’re on the list, as are charities involving Nobel laureate Elie Wiesel and director Steven Spielberg. And, Bloomberg...

SEC Opens ABN Amro Insider Trading Probe

Jason Farago — Wed, 23 Jan 2008 11:42:00 CST

The US Securities and Exchange Commission has opened an inquiry into possible insider trading surrounding last year's takeover of Dutch bank ABN Amro. Holland's Financieele Dagblad r eports that Fortis, Barclays, Santander, and Royal Bank of Scotland—which eventually won the bidding—have been asked for information about trading in...

Banks Go Dutch on ABN Buy

Peter Fearon — Fri, 14 Sep 2007 05:33:38 CDT

The race to buy Dutch bank ABN Amro is in the final stage—with a consortium led by the Royal Bank of Scotland apparently on the inside track ahead of Barclays. The consortium has already won agreement from ABN and the Dutch government, but has yet to raise the $99...