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JPMorgan Sues Berlin Transport Provider Over Derivatives Contract

JPMorgan is suing Berlin's public transport provider in a British court to recover the $204 million plus interest, it says it is owed over an "unfortunate" derivative... More JPMorgan is suing Berlin's public transport provider in a British court to recover the $204 million plus interest, it says it is owed over an "unfortunate" derivatives contract taken out before the financial crisis. The lawyer for the U.S. bank said Berliner Verkehrsbetriebe was looking for anyone other than itself to blame for the losses on the collateralized debt obligation. Less

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