Santander Offers EU1.38 Billion Settlement for Private Clients

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Santander Offers EU1.38 Billion Settlement for Private Clients


By Charles Penty

Jan. 27 (Bloomberg) -- Banco Santander SA, Spain’s biggest lender, will offer a 1.38 billion euro ($1.82 billion) settlement to private clients affected by the alleged Madoff fraud, a spokesman for the bank said in a phone interview today.