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UBS, Deutsche Silver, withdrawal of asset seizure appeal

Source: Internet
Author: User
Keywords Bank Euro prosecutor
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Beijing time May 25 Evening News, Swiss bank (UBS AG), Deutsche Bank AG, JPMorgan Chase and the German mortgage bank Hypo Real Estate Holding AG Dublin Department DEPFA Bank　　The two attorneys for PLC said in Monday that the four banks had withdrawn an appeal against the Italian prosecutors ' seizure of € 345 million (about $482 million) in assets. The assets were seized because the Italian prosecutors said the four banks were suspected of fraud in the sale of derivatives to Milan and were investigating the matter. Lawyers say the four banks have withdrawn their appeal at a hearing held today in Milan. Prosecutors are now considering requests from four banks on May 7 to redeem the assets with a total of about € 100 million in cash.

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