UBS to pay $1.4 billion over fraud in residential mortgage-backed securities
Swiss banking giant UBS has agreed to pay a combined sum of $1.4 billion in civil penalties in connection with allegations of fraud and misconduct stemming from its offering of residential mortgage-backed securities during the period of the global financial crisis.
This resolution was announced by federal prosecutors on Monday, CNBC reported.
In its own official statement on Monday, UBS characterized the settlement as addressing a “legacy matter” that spans from 2006 to 2007, a timeframe leading up to the eruption of the financial crisis.
Links for B.C.
Visit My Website
https://bcbegley.com
Follow Me On Facebook
https://www.facebook.com/B.C.Begley
Subscribe To My Patreon
https://www.patreon.com/bcbegley
Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A
Follow Me On Twitter
https://twitter.com/BC_News1
Watch Me On Rumble
https://rumble.com/c/c-280191
Follow Me On Gab
https://gab.com/BC_Begley
-
1:23
B.C. Begley
16 hours agoFast-moving Thompson Fire burns homes, forces 13,000 evacuations in Butte County
31 -
7:22
Hack
18 hours agoHow to make a mini Gas-jet (up to 1000ºC)
9.97K1 -
6:30
Brad Polumbo
22 hours ago"Cleanliness is Right-Wing!": Insane Woke TikTok (reaction)
7.66K18 -
13:23
Freakin' Reviews
22 hours agoLet's Try Amazon's Best Selling JUICER!
10.2K2 -
16:59
Exploring With Nug
23 hours ago2 Cars Found While Searching For Missing Man!
11.2K1 -
11:32
JoBlo Horror Originals
23 hours agoWhat REALLY Happened To The Entity?
7.6K4 -
7:10:20
SNEAKO
12 hours agoYOU DONT WANNA MISS THIS… (surprise guest)
97.9K43 -
Alex Zedra
11 hours agoLIVE! Girls Scary Game Night
68.3K29 -
Fresh and Fit
15 hours agoThe End Of An Era. We Are Leaving YouTube.
159K175 -
34:46
Man in America
17 hours agoSHOCKING Proof: Grocery Prices Tripled in Just Two Years!!! w/ Dr. Kirk Elliott
61.5K43