UBS Group is paying $387 million in fines to the U.S. Federal Reserve System and the U.K.’s Prudential Regulation Authority and finalizing proceedings with the Swiss Financial Market Supervisory Authority (FINMA) — in an effort to close the Archegos Capital Management chapter in the history of Credit Suisse, now a subsidiary of its former Swiss… Read More >>
UBS to Challenge DoJ’s RMBS Fraud Charges
The United States Department of Justice has filed a civil complaint in the Eastern District of New York federal court, charging UBS AG and several of its U.S. affiliates with having “defrauded investors throughout the United States and the world in connection with its sale of residential mortgage-backed securities (RMBS) from 2006 through 2007.” From… Read More >>
