COMO PUBLIQUE ANTERIORMENTE SOLO LE DAN OPCION HASTA EL 5 DE FEBRERO
Y NO OFRECEN GARANTIA DE PAGAR ESOS BONOS
Class action lawsuit against Banco Santander, which offered $1.7 billion to its clients – Now Banco Santander increases pressure on clients to accept its offer – Contact The Shareholders Foundation, Inc.
Bank Santander has reportedly told investors who bought Madoff-hit products they have until Feb. 05, 2009 to accept a compensation offer made by the bank, daily ABC reported on Friday, citing agency EFE.
But Bloomberg says that the “Banco Santander SA’s 1.38 billion- euro ($1.8 billion) offer to compensate clients hit by Bernard Madoff’s alleged fraud may leave them with preferred shares they can’t trade and that the bank might not buy back “ and that this is “a risk Santander clients will have to weigh along with the strings attached to the offer of stock paying a 2 percent annual yield. “Accepting the offer includes a commitment to not take legal action against Santander or private banking business Optimal over Madoff and to continue banking with Santander. On Tuesday, the bank said it would compensate all individual clients who suffered losses in the alleged Bernard Madoff fraud, but not institutional investors. Reportedly managers from the bank have been calling their private banking clients in Spain, Latin America and elsewhere one by one in recent days and arranging appointments.