UBS To Pay $1.43 Billion In Residential Mortgage-Backed Securities Settlement

(August 17, 2023, 1:31 PM EDT) -- BROOKLYN, N.Y. — Swiss bank UBS AG and some of its U.S.-based affiliates agreed to pay $1,435,000,000 in civil penalties to settle a civil suit alleging fraud linked to the underwriting and issuance of residential mortgage-backed securities (RMBS), the U.S. Department of Justice (DOJ) announced....