Published December 18, 2012
MILAN – An Italian court is expected to rule on Wednesday on whether four foreign banks missold derivatives to the city of Milan in a case seen as a litmus test for hundreds of local governments facing big losses from complex financial contracts.
Following are details about the case, the first criminal trial of this kind in Italy.
* Deutsche Bank
(Reporting By Silvia Aloisi; Editing by Erica Billingham)