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Storage Problems at Big Banks

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First published at 01:47 UTC on February 3rd, 2024.

David Morgan

The Morgan Report

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Storage Problems at Big Banks | https://www.themorganreport.com/join

A class-action lawsuit filed against UBS Financial Services, Inc., accusing the bank of charging storage fees for silver bars that were never actually purchased, segregated, or st…

Storage Problems at Big Banks | https://www.themorganreport.com/join

A class-action lawsuit filed against UBS Financial Services, Inc., accusing the bank of charging storage fees for silver bars that were never actually purchased, segregated, or stored for the plaintiff, Laurin Ramsey, and potentially other customers. The lawsuit alleges that customers were misled into paying for a service that was never rendered, as the silver they thought was being stored on their behalf does not exist.

This case echoes a similar lawsuit filed against Morgan Stanley in 2007 over unallocated metals storage and the charging of storage fees for nonexistent metals.

Watch this video on Storage Problems at Big Banks, then please share with your friends and family on social media and use the caption Storage Problems at Big Banks

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