CDO: solution or scam?

On 28 September 2009, a significant development occurred in the post-credit crunch legal reckoning. After eighteen months of transatlantic legal wrangling, Germany's HSH Nordbank was given the green light by a New York judge to proceed to trial in its case against Swiss giant UBS over what it alleges was a mis-sold collateralised debt obligation…

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Corporate Nannies

Risky Finance Do investment banks owe a duty of care to their corporate customers---in a similar way that they do to widows and orphans? Or should the principle of "caveat emptor" remain sacrosanct? The issue is central to two lawsuits recently filed in London. In one, an Italian company lost its shirt after buying an…

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