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Feds Spar With UBS Over Crisis-Era RMBS Fraud Suit

By Jon Hill ( June 24, 2019, 9:57 PM EDT) -- UBS AG has told a New York federal court that the U.S. Department of Justice lawsuit accusing the bank of fraud in its precrisis sales of residential mortgage-backed securities falls short by not calling out any specific employees, but the government insists that it has alleged all it needs to for the case to proceed....

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