Collateral

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Court revives CDO case against UBS

Gavel

A New York state appeals court on Tuesday revived a lawsuit accusing UBS of fraudulently causing $331m of losses from collateralised debt obligations issued before the financial crisis.

Wells Fargo settles securities lending lawsuit

American courtroom

Wells Fargo settled a lawsuit over claims it mismanaged institutional investors’ collateral received as part of its securities lending program, lawyers for both sides told a judge as a trial was close to starting.

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