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Coverage dated August 13, 2023

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

Headline from NBC New York

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.

NBC New York's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

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Reports & sources

11 articles, oldest first.

  1. CNN

    UBS to pay $1.4 billion for selling toxic mortgages prior to the Great Recession (opens CNN)

    Published

    CNN's feed description

    The Justice Department announced on Monday that UBS has agreed to pay $1.4 billion in penalties for allegedly defrauding investors by selling mortgage-backed securities that blew up during the Great Recession.

  2. The Guardian

    UBS to pay $1.43bn in penalties over mortgage fraud prior to 2008 crisis (opens The Guardian)

    Published

    The Guardian's feed description

    Banking group settles government lawsuit alleging fraud related to residential mortgage-backed securities in 2006 and 2007

  3. New York Times

    UBS to Pay $1.4 Billion to Settle Financial-Crisis Fraud Case (opens New York Times)

    Published

    New York Times's feed description

    The settlement closes the chapter on the last investigation by a Justice Department task force on the role financial firms played in the collapse of the housing market in 2008.

  4. NBC New York

    UBS to pay $1.4 billion for fraud in mortgage-backed securities (opens NBC New York)

    Published

    NBC New York's feed description

    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.

  5. NBC10 Philadelphia

    UBS to pay $1.4 billion over fraud in residential mortgage-backed securities (opens NBC10 Philadelphia)

    Published

    NBC10 Philadelphia's feed description

    The Swiss bank’s settlement is the final case prosecutors brought over misconduct that led up to the global financial crisis.

  6. WHEC Rochester

    UBS to pay $1.44 billion to settle 2007 financial crisis-era mortgage fraud case, last of such cases (opens WHEC Rochester)

    Published

    WHEC Rochester's feed description

    NEW YORK (AP) — UBS will pay U.S. authorities $1.44 billion to settle the last lingering legal case over Wall Street's role in the housing bubble of the early 2000s, which ultimately led to the 2008 financial crisis and Great Recession.

  7. WHDH Boston

    UBS to pay $1.4 billion for selling toxic mortgages prior to the Great Recession - Boston News, Weather, Sports (opens WHDH Boston)

    Published

    WHDH Boston's feed description

    New York (CNN) — The Justice Department announced on Monday that UBS has agreed to pay $1.4 billion in penalties for allegedly defrauding investors by selling

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

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