Milan Settles Swaps Suit With Banks

23 Mar 2012

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.

Click ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial