Home > News > Stock News > Detail
Bookmark and Share

UBS expects to be sued by U.S. Justice Department over crisis-era mortgage securities

2018-11-08 10:08    Investing

UBS expects to be sued by U.S. Justice Department over crisis-era mortgage securities Stock News

© Reuters. Logo of Swiss bank UBS is seen in Zurich

(Reuters) - UBS, Switzerland's largest bank, said it expects to be sued by the U.S. Department of Justice as early as Thursday on civil charges related to the sale of mortgage-backed securities in the run-up to the 2008-09 financial crisis, according to a company statement.

The bank said the claims were not supported by the facts or the law and it would contest any such complaint "vigorously."

0 traders reviewed this item, please leave a reply!

About FXYEAH | Broker Listing | Contribute | Contact Us | Sitemap | TagCloud
Disclaimer: All contents of site are only for your reference, don't suggest you do any investment decision, you should be responsible for your decision.