UBS settles financial crisis mortgage fraud probe for $1.44bn

Sarah JollyAugust 16, 2023
Close-up of logo of Swiss bank UBS at Famous Bahnhofstrasse at City of Zürich on a cloudy winter late afternoon. Photo taken 13 January 2023, Zurich, Switzerland
Credit: Shutterstock/Michael Derrer Fuchs

Swiss bank UBS has agreed to pay $1.44bn in civil penalties to settle fraud claims over the sale of mortgage-backed securities in 2006 and 2007.

The US Department of Justice (DoJ) said the settlement resolves the last case...

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Sarah JollyAugust 16, 2023
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