UBS is being sued in the US by Ace Decade Holdings for steering the bank to invest in investments in a Chinese company , with whom they failed to let investors know they had close ties ; the bank is now blaming the bank for its $ 500 million loss in the investment deal , as it says it would never have gone ahead with the transaction if they had known of the relationship .
UBS is being sued in the US by Ace Decade Holdings for steering the company to invest in shares in a Chinese company, with whom UBS failed to let Ace know they had close ties; the company is now blaming the bank for its $500m loss in the investment deal, as it says it would never have gone ahead with the transaction if they had known of the relationship.