UBS expects to be sued by U.S. Justice Dept over crisis-era mortgage securities
07 Nov UBS expects to be sued by U.S. Justice Dept over crisis-era mortgage securities
Posted at 00:44h
in
News
by KMFSLLP
UBS, Switzerland’s largest bank,
said it expects to be sued by the U.S. Department of Justice as
early as Thursday on civil charges related to the sale of
mortgage-backed securities in the run-up to the 2008-09
financial crisis, according to a company statement.
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