You are currently viewing UBS to pay $1.4 billion for selling toxic mortgages prior to the Great Recession – CNN

UBS to pay $1.4 billion for selling toxic mortgages prior to the Great Recession – CNN

The Justice Department announced on Monday that UBS has agreed to pay $1.4 billion in penalties for allegedly defrauding investors by selling mortgage-backed securities that blew up during the Great … [read more]

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