Arthur Nadel, president of Scoop Management Inc. remained missing on Monday. Meanwhile funds invested by and through Mr. Nadel had disappeared along with him.
Spain became the first country to lose its triple A credit rating from Standard & Poor’s since Japan in 2001, spurring a slide in the euro as the economic outlook for Europe worsened.
The Dublin government on Thursday night nationalised Anglo Irish Bank, Irelands third largest lender, amid a collapsing share price and reports of large-scale deposit withdrawals by its customers.