Postbank Sues UBS Over ABS Conversion

14 Jan 2013

Deutsche Postbank has taken legal action against UBS in London over allegations the Swiss bank breached its contract by not converting leveraged asset-backed securities into collateralized notes.

Deutsche Postbank has taken legal action against UBS in London over allegations the Swiss bank breached its contract by not converting leveraged asset-backed securities into collateralized notes.

Click here to read the story from Bloomberg.

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