Swiss banking giant UBS agreed Monday to pay roughly $1.4 billion to settle a lawsuit regarding its handling of residential mortgage-backed securities (MBS) in the years leading up to the 2008 financi
UBS Group AG (NYSE: UBS) is in focus today after it agreed to pay civil penalties worth $1.43 billion to settle a long-standing case with the U.S. Department of Justice.
The civil action was filed in November 2018 alleging misconduct related to UBS' underwriting and issuance of residential mortgage-backed securities issued in 2006 and 2007, according to the Justice De
The Justice Department just closed its final investigation into the 2008 financial crisis.
The Justice Department announced on Monday that UBS has agreed to pay $1.4 billion in penalties for allegedly defrauding investors by selling mortgage-backed securities that blew up during the Great R
UBS has agreed to pay $1.44 billion to settle a Justice Department case tied to the issuance of residential mortgage-backed securities in the buildup to the 2008-09 financial crisis.
Swiss bank UBS agreed to pay a combined $1.4 billion in penalties over fraud and misconduct in its offering of mortgage backed securities dating back to the global financial crisis, federal prosecutor
Arthur Cashin, UBS Financial Services director of floor operations, joins 'Squawk on the Street' to discuss concerns about supplies of Treasury bonds increasing, testing for cyclical changes in mid-Au
Swiss megabank UBS has agreed to voluntarily end a $10 billion backstop used to cover potential losses from its merger with Credit Suisse.
Aviva PLC's (LSE:AV.) interim results on Wednesday 16 August will see investors and analysts zeroing in on the impact of Canadian wildfires, with analysts not expecting a repeat of its share buyback.
The move to give up a loss-protection agreement suggests that UBS hasn't found too many skeletons in Credit Suisse's books.
Wall Street is undecided about trying for another rally on Friday, according to early trading in futures. That's in keeping with the struggle it has been of late, with the S&P 500 SPX down six of the
The government guarantee could have protected the bank from around $10 billion in losses linked to its takeover of Credit Suisse.
Eva Lee of UBS Global Wealth Management says slow-coming government stimulus will create short-term trading opportunitites in China markets.
The Swiss bank says it no longer needs a $10 billion backstop or liquidity lines.
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