, MS cuts RDC ••• PacCrest upgrades INTC, RBC upgrades KND, GS upgrades JBLU, Wells upgrades LII Europe Key Research: • Banca IMI upgrades TFI IM, Banco Santander upgrades CABK SM, Barcap upgrades GRT SJ • Berenberg downgrades OSR GR/ZAG AV/BRBY LN/MONI LN, CS reinstates FP FP (op) EFTA00371440 •••• Citi do

illiquid assets. client assets not segregated were lost, e.g. Olivant lost 2.78% of UBS AG Controls Breakdown: Fraud. 'Ponzi" scheme losers include Banco Santander ($3.1bn). Bank Medici ($2.1bn), Fortis Bank ($1.4bn). HSBC ($1bn) UBP($1bn), AIA($1.4bn) Failure Assets Lost Failure Assets Lost Investment Lo

ransfer A/C: Societe Generale 94727 Fontenays.Bois France Ref:/- Acc/Cle Rib: 31 Bank Code: 30003 Code Guichet: 03320 Trn: 11/23 Fedwire Debit Via: Banco Santander PR/ A/C: Montequin Distributors Inc. Ref: Lsj - Reference No 2010 11-004Imad: Trn: ase Epay Web ID: American Ex ress ACH Pmt A0722 Web ID:

a is summarized and grouped together by sector (SELLs in RED): Consumer: B&M, BAT, Bovis Homes, Carrefour - Financials: Aroundtown Properties, AXA, Banco Santander, Credit Suisse Group, Prudential - Healthcare: AstraZeneca, Fresenius, Shire Energy, Materials & Industrials: ABB, ArcelorMittal, BAE, Continental,

- Page 12 - Page 13 - Page 14 ■ Healthcare - Page 16 - Page 17 - Page 18 B&M BAT Bovis Homes Carrefour - SELL Aroundtown Properties AXA Banco Santander Credit Suisse Group Prudential AstraZeneca Fresenius Shire ■ Energy, Materials & Industrials - Page 20 ABB Page 21 ArcelorMittal Page 22 BAE

illiquid assets, client assets not segregated were lost, e.g. Olivant lost 2.78% of UBS AG Controls Breakdown: Fraud. "Ponzi" scheme losers include Banco Santander ($3.1bn), Bank Medici ($2.1bn), Fortis Bank ($1.4bn), HSBC ($1bn) UBP($1bn), AIA($1.4bn) Failure Assets Lost Failure Assets Lost Investment Lo

na University Bain Capital USA Permanent Mission of the Switzerland Russian Federation University of Cambridge United Kingdom Bence IFIS SpA Banco Santander Prudential Plc Internews Wesfarmers Limited Rio Tinto Plc HEINEKEN Massachusetts Institute of Technology (MIT) Coca-Cola International Nestle

nvestor.com/Article/3019576/Santander-to-Shrink-=ts-UK-Business-After-Poor-Results.html">Santander to Shrink its U.K.=Business After Poor Results Banco Santander is set=to shrink its U.K. business in the next three years after unveiling dis=ppointing first quarter earnings on April 26... Read the full story