UBS Settles CDO Case With German Lender

12 Mar 2013

UBS has reached a settlement with HSH Nordbank over losses the German lender claims from $500 million in collateralized debt obligations it purchased from the Swiss bank in 2008.

UBS has reached a settlement with HSH Nordbank over losses the German lender claims from $500 million in collateralized debt obligations it purchased from the Swiss bank in 2008. Terms of the settlement were not disclosed.

Click here to read the story from Bloomberg.

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