Investors accused Banco Santander of negligence in connection with the case Madoff

Spanish bank Banco Santander SA, which lost about $ 3.2 billion in the pyramid Bernard Madoff, not to protect its clients following the discovery in 2002 that the rogue away from industry standards, acting as the guarantor of its own funds. This is stated in the claim of the Latin American investors in Santander, filed in U.S. court, reports the agency Bloomberg.

After the meetings, the representative of the Spanish bank and its branches Optimal Investment Services with Madoff 18 and September 19, 2009, in particular, have changed the texts of brochures, representing two funds Optimal, invested jointly with the American billionaire. They have mentioned "possible risks" that could escape from Madoff assets.

At these meetings, they asked Madoff use an external custodian, but the thief refused. Rather than withdraw cash, Santander and OIS have taken no action to protect investors or to verify that the assets of Optimal still exist.

Collective lawsuits filed by investors in a Miami court.
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Google for 9 months. 2009 increased net profit by 18,3% - to 4.45 billion dollars

Net profit of U.S. internet corporations Google Inc., Owns the eponymous search engine, for 9 months of 2009 increased by 18,3% and amounted to 4.45 billion dollars against 3.84 billion dollars recorded a year earlier. The company's revenues over the same period amounted to 16.97 billion dollars, that on 5,5% above the level of 16.09 billion dollars, made for the 9 months of 2008, operating profit for the period increased by 22,2% and reached 5.83 billion dollars according to a financial report issued today Google.

In III quarter 2009 net income of Google Inc. amounted to 1.64 billion dollars, which is 27,1% higher than the 1.23 billion dollars recorded a year earlier. The company's revenues over the same period increased by 7,2% and reached 5.94 billion dollars against 5.54 billion dollars received in the same quarter last year. Operating profit rose to 2.07 billion dollars, which is 25,9% higher than the 1.65 billion dollars recorded last year.


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SMS spammer fined in Australia at 15.8 million dollars

Australian companies and Mobilegate Winning Bid as well as three more people were fined by the decision of the Federal Court in Brisbane, amounting to almost $ 16 million for the spam sent to mobile phones, reports ABC News.

As reported by The Australian, the amount of the fine amounted to $ 15.8 million of the Company were found to have violated Act of spam ", the Prosecutor addressed the Australian Communications and Media. According to the Court, swindlers have used dummy accounts on dating sites to gain access to phone their victims.


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Debt exceeds the value of the Japan Airlines at 8.8 billion dollars

Debt obligations of the Japanese national air carrier, Japan Airlines Corp, JAL, would have exceeded the assets of the airline at $ 8.8 billion if it had a bankruptcy in the near future.

This assessment of the financial status of Asia's largest carrier is given on the initiative of the state commission responsible for the restructuring of JAL. This shows the depth of the problems faced by the airline. To avoid the collapse, she needed urgent support banks and the state.


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EPFR Global: The influx of capital into the stock markets of developing countries reached a 22-month high

Investment funds in developing countries have received for the week ending October 21, significant inflows of $ 4.9 billion This was a most impressive rate over the past 22 months and helped with the start of the year to increase capital inflows to $ 50 billion, the study says EPFR Global.

Funds of stocks and bonds registered a surge in the flow of investment through improved corporate reporting of U.S. and European companies. These include such giants as the manufacturer of iPod - the company Apple Inc., And the world's largest manufacturer of construction machinery and equipment, Caterpillar Inc.


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