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KM Financial Solutions | UBS reaches $230 mln settlement with New York over mortgage securities
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UBS reaches $230 mln settlement with New York over mortgage securities

20 Mar UBS reaches $230 mln settlement with New York over mortgage securities

Posted at 16:16h in News by
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NEW YORK, March 21 (Reuters) – UBS AG has reached a
$230 million settlement to resolve charges brought by New York
state that it misled and hurt investors by selling risky
mortgage securities that contributed to the 2008 global
financial crisis.

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