Irving Picard, the trustee trying to recover money on behalf of the victims of Bernie Madoff, said he filed lawsuits against seven global banks seeking total compensation of more than $1 billion.
Picard filed complaints against Citibank (C), Natixis SA, Fortis, ABN AMRO Bank, Banco Bilbao Vizcaya Argentaria (BBVA), Nomura and Merrill Lynch, which is now part of Bank of America Corp. (BAC), Reuters…
Continue reading Madoff Trustee Files Suit Against Seven Banks for $1 Billion
Madoff Trustee Files Suit Against Seven Banks for $1 Billion originally appeared on DailyFinance on Thu, 09 Dec 2010 07:11:00.
Filed Under: Company News, Bank of America, Citigroup, Credit