Hyrra Features the Latest and Most Talked-About Topstories News and Headlines from Around the World.
⎯ 《 Hyrra • Com 》

US says UBS to pay $1.43 billion for alleged fraud over residential mortgage-backed securities

2023-08-15 01:29
WASHINGTON Banking group UBS and many of its U.S.-based affiliates have agreed to pay $1.43 billion in penalties
US says UBS to pay $1.43 billion for alleged fraud over residential mortgage-backed securities

WASHINGTON Banking group UBS and many of its U.S.-based affiliates have agreed to pay $1.43 billion in penalties to settle a civil action filed in 2018 alleging fraud in the sale of residential mortgage-backed securities, the Justice Department said on Monday.

(Reporting by Kanishka Singh in Washington; Editing by Chris Reese)