XJO 0.81% 7,971.6 s&p/asx 200

be prepare for ponzi market tomorrow, page-2

  1. 3,731 Posts.

    http://www.theaustralian.news.com.au/business/story/0,28124,24802407-36418,00.html

    ANZ said it had no involvement with a collapsed pyramid investment scheme operated by US investment broker Bernard Madoff.

    "ANZ has no involvement with Bernard L Madoff Investment Services,'' spokesman Paul Edwards told AAP.

    National Australia Bank Ltd (NAB)and Commonwealth Bank of Australia Ltd (CBA) said they have no direct exposures to the scheme.

    Westpac Banking Corporation had no comment.
 
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