UBS to pay $1.4 billion for fraud in mortgage-backed securities

General view of the UBS building in Manhattan on June 5, 2023 in New York City. Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images Swiss bank UBS agreed to pay a combined $1.4 billion in civil penalties over fraud and misconduct in its offering of mortgage backed securities dating back to the global financial crisis, federal prosecutors announced Monday.

https://worldnewslivetv.com/business/ubs-to-pay-1-4-billion-for-fraud-in-mortgage-backed-securities/