Posted inBanking and Financial Institutions Fines (Penalties) Frauds and Swindling Justice Department Mortgage-Backed Securities Subprime Mortgage Crisis Suits and Litigation (Civil) UBS AG
UBS to Pay $1.44 Billion to Settle Financial-Crisis Fraud Case
The settlement closes the chapter on the last investigation by a Justice Department task force on the role financial firms played in the collapse of the housing market in 2008.