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

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General presumption of the UBS gathering successful Manhattan connected June 5, 2023 successful New York City.

Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images

Swiss slope UBS agreed to wage a combined $1.4 cardinal successful penalties implicit fraud and misconduct successful its offering of owe backed securities dating backmost to the planetary fiscal crisis, national prosecutors announced Monday.

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