Bernard Madoff

The financial fraud allegedly committed by Wall Street financier Bernard Madoff has global implications. Today it's emerged that victims of the alleged scheme include some of the world's biggest banks. The World's Matthew Bell reports.

Global economic crisis

Today on The World: The global reach of financier Bernard Madoff's alleged fraud scheme; Also, why business is booming for debt collectors in Spain; and a new study finds some rare good news regarding biodiversity in Southeast Asia.