GC Asia
Milan Settles Swaps Suit With Banks
The Italian city of Milan has reached a settlement with JPMorgan Chase, UBS, Deutsche Bank and Depfa Bank under which the banks agree to unwind interest-rate swaps at a discount in exchange for dropping civil claims against them.
The Italian city of Milan has reached a settlement with JPMorgan Chase, UBS, Deutsche Bank and Depfa Bank under which the banks agree to unwind interest-rate swaps at a discount in exchange for dropping civil claims against them. Criminal cases against the banks will continue, however.
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