Finance Style – Financial News & Articles Summary

Banco Santander has settled with the trustee trying to unwind Bernard L. Madoff’s massive Ponzi scheme. The bank will pay $235 million to resolve potential legal claims over withdrawals a hedge-fund subsidiary, Optimal Investment Services, …

Stocks in New York closed 1% to 2% higher, although off their best levels of the session Friday, after the US government released the parameters for the so-called stress tests being conducted on the nation’s large banks. The Dow Jones Industrial Average rose 119.23 points, or 1.5%, to 8076.29 …