Commonwealth of Puerto Rico

Arbitration

Ex-UBS brokers score 28 expungements in one fell swoop

The case is a legacy of the fallout from Puerto Rico's bond crisis and the performance of UBS closed-end funds.

By Andrew Welsch

August 27

A Puerto Rican flag flies outside the Capitol of Puerto Rico building in San Juan, Puerto Rico, on Saturday, May 13, 2017. With Wall Street's help, the U.S. commonwealth borrowed tens of billions in the bond markets, only to squander much of it on grand projects, government bureaucracy, everyday expenses and worse. Debts were piled on debts, even as the economy gave way. Photographer: Xavier Garcia/Bloomberg

Fixed income

How Puerto Rico's bankruptcy is roiling muni bond world

Puerto Rico's default is generating concern over mainland special revenue bonds and distressed issuers, and undercutting confidence in municipal credit nationwide.

By Robert Slavin

March 22

Arbitration

UBS loses another Puerto Rico case as client payouts top $200M

Awards and settlements are piling up even as the U.S. wealth management unit reports record profits.

By Tobias Salinger

April 5