Are Jefferson County and a dozen other U.S. municipalities listening? In Italy, Deutsche Bank...

|About: Deutsche Bank AG (DB)|By:, SA News Editor

Are Jefferson County and a dozen other U.S. municipalities listening? In Italy, Deutsche Bank (DB), JPMorgan (JPM), and UBS are among the 4 banks fined €1M each and having employees sent to prison for fraud in the sale of derivative products linked to a Milan bond issue. The case could be a precedent-setting one as cases involving other local Italian governments are in the works.