UBS to pay US 143 billion for alleged fraud over residential mortgagebacked securities

WASHINGTON (Reuters) -Banking group UBS and many of its U.S.-based affiliates agreed to pay $1.43 billion in penalties to settle a civil action alleging fraud in the sale of residential mortgage-backed securities, the company and the Justice Department said on Monday. The civil action was filed in November 2018 alleging…Read More

Leave a Reply

Your email address will not be published. Required fields are marked *