Postbank Sues UBS Over ABS Conversion

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.

  • 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.

Click here to read the story from Bloomberg.

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