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HomeBusiness and FinanceUBS to pay $1.4 billion for fraud in mortgage-backed securities

UBS to pay $1.4 billion for fraud in mortgage-backed securities

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General view of the UBS building in Manhattan on June 5, 2023 in New York City.

Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images

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 prosecutors announced Monday.

This is breaking news. Please check back for updates.

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