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ADCB files suit against Credit Suisse over CDS

Posted on 26 November 2010

From Tradearabia.com: Abu Dhabi Commercial Bank (ADCB) said on Thursday it was suing Credit Suisse for selling it an investment in an unacceptable way and failing to disclose conflicts of interest. Credit Suisse declined to comment.
ADCB said in 2007 it was ‘induced to enter into an emergency transaction’ for a structured investment called Farmington ‘based on false and misleading information’ to protect a previous investment that had soured……………………………………….Full Article: Source

 
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