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UBS To Pay $1.4B To Settle Feds' RMBS Suit

By Jon Hill ( August 14, 2023, 1:36 PM EDT) -- UBS AG has agreed to pay more than $1.4 billion in civil penalties to settle a 2018 U.S. Department of Justice lawsuit accusing the bank of fraud in its pre-crisis sales of residential mortgage-backed securities, New York federal prosecutors said Monday....

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