$JPM and Other Banks Win a Recent Battle of Derivatives Exposure Documentation

“JPMorgan Chase & Co. (JPM), UBS AG (UBSN) and two other banks won an attempt to block U.K. prosecutors from seizing documents that Italian authorities sought to use at a criminal trial over derivatives, a London judge ruled today.

The lenders, along with Deutsche Bank AG (DBK) and Depfa Bank Plc, won a ruling quashing a request for information from the U.K. Serious Fraud Office, Judge Peter Gross said in a judgment issued today in London. The SFO had an “obvious lack of authority” in the case, Gross said.”

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