View more on these topics

Four banks charged with fraud

UBS, JPMorgan Chase, Deutsche and Depfa were charged with fraud yesterday.

According to the Financial Times, the four banks were charged for their role in a £1.52bn swaps package for Milan’s bond issue in 2005.

The four firms will now face trial in Milan after a judge ruled there was sufficient evidence for them to face criminal charges of aggravated fraud for their part in the financial package.



News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm