| 15.12.2008 Opalesque Exclusive: Madoff could cost Geneva up to $15bln – Reichmuth has 3.5%, UBP has less than 1% exposure |
| From the Opalesque team: Swiss newspaper Le Temps reported today that the Madoff affair could cost between $10bln and $15bln to banks and investment managers in Geneva. In a separate article, Le Temps reports that one of Madoff’s main funds, Thema, was sold in Switzerland and was authorised by the Swiss Federal Banking Commission. The regulator is expected to investigate and explain. The artic |