Merrill, UBS Committed Fraud on Italian Swap, Lombardy Tells U.K. Courts - Bloomberg

[FraudNews]

Merrill, UBS Committed Fraud on Italian Swap, Lombardy Tells U.K. Courts (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGVScj9y6t2hrmDH-OMPGue-C_eeg&url=http://www.bloomberg.com/news/2011-06-28/merrill-ubs-commit-fraud-on-swaps-lombardy-tells-u-k-court.html)
Bloomberg
(BAC)'s Merrill Lynch unit and UBS AG (UBSN) committed fraud and made “an unfair profit” through hidden fees charged on swaps, according to UK court filings by the Italian region of Lombardy, which must set aside millions of euros to cover potential ...

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