Judge Opens Italian Derivatives Fraud Case
An Italian judge has opened the trial of Deutsche Bank, UBS, JPMorgan, Depfa Bank and 11 bankers charged with fraud involving the sale of derivatives to the city of Milan. Italian prosecutors allege that Milan lost USD128 million in 2005 and 2007 as part of bonds sold by the respective firms who were involved in aiding the city in restructuring its debt.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
